Renewable Energy Contract / PPA Execution
Waaree Energies Subsidiary Signs PPA with SECI for 300 MW Wind Power Project
NSE
Waareeener
BSE
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Waaree Energies informed that its wholly-owned step-down subsidiary has executed a Power Purchase Agreement (PPA) with Solar Energy Corporation of India (SECI) for a 300 MW wind power project in Gujarat.
PRICE-SENSITIVE TRIGGER
Event: Execution of Power Purchase Agreement (PPA) with SECI
Type: Renewable Energy Contract / PPA Execution
Impact: Positive
Immediate Effect: The executed PPA strengthens long-term renewable energy project visibility and revenue certainty for the company’s wind power business
Key Metrics:
- Project Capacity: 300 MW
- Project Type: Wind Power Project
- Project Location: Dwarka, Gujarat
- Counterparty: Solar Energy Corporation of India (SECI)
- Execution Date: 06-05-2026
Highlight:
- PPA executed for 300 MW wind energy project.
- Agreement signed with SECI, a key government renewable energy entity.
- Project to be developed through wholly-owned step-down subsidiary.
- Enhances renewable energy execution pipeline.
What Happened ?
Waaree Energies Limited informed the stock exchanges that Waaree Forever Energies Four Private Limited, a wholly-owned step-down subsidiary of the company, has executed a Power Purchase Agreement with Solar Energy Corporation of India Limited (SECI).
The agreement relates to development of a 300 MW wind power project located in Dwarka, Gujarat. The company stated that the PPA was formally executed on May 06, 2026.
key highlights
PPA & Project Details:
- Project involves development of 300 MW wind power capacity.
- Project location identified as Dwarka, Gujarat.
- Agreement executed with Solar Energy Corporation of India Limited.
- Project being developed through Waaree Forever Energies Four Private Limited.
- Subsidiary is a wholly-owned step-down subsidiary of Waaree Energies.
- Earlier project-related intimation had been disclosed on 24 February 2026.
- PPA formally executed on 06 May 2026.
Note:
- Execution of PPAs is a key milestone in renewable energy projects as it improves long-term revenue visibility and project bankability.
Risk Analysis
Key Risks
- Project delays may impact revenue commencement timelines.
- Wind generation output depends on resource variability.
- Regulatory or grid connectivity delays may affect execution.
- Capital-intensive renewable projects require efficient financing execution.
Worst Case Scenario
- Delay in project commissioning or operational challenges could postpone expected cash flow generation from the project.
Risk Level: Medium
Company Commentary
- Subsidiary executed PPA with SECI for 300 MW wind power project.
- Project located in Dwarka, Gujarat.
- PPA executed on 06 May 2026.
- Disclosure submitted under Regulation 30 of SEBI LODR Regulations.
Official Exchange Filing: Waaree Energies Limited