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Waaree Renewable Technologies Wins ₹114.22 Crore Solar Project Under MSKVY 2.0

by sthv

Waaree Renewable Technologies Limited (WRTL) has received a Letter of Award (LOA) worth ₹114.22 crore from a leading renewable energy company. The contract is for the design, engineering, procurement, and construction of 94 MW AC Solar PV plants at several locations. This project is part of the Mukhyamantri Saur KrishiVahini Yojana (MSKVY) 2.0 scheme.

The project was awarded after a competitive bidding process, technical assessments, and negotiations. This highlights WRTL’s strong capability in delivering large-scale solar energy projects. MSKVY 2.0 is a program launched by the Government of Maharashtra. It aims to provide farmers with electricity during the day using decentralized solar power systems. This supports both agricultural development and energy independence in rural areas.

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India’s renewable energy sector is growing rapidly. Solar energy is playing a key role in this growth. By 2024, India reached 97 GW of installed solar capacity. The country aims to increase this to 280 GW by 2030. This target is supported by favorable government policies, lower technology costs, and greater private sector participation.

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Sunil Rathi, Executive Director of WRTL, said, “This award is more than just a project win. It reflects the trust our partners have in us. We don’t just build solar plants; we deliver them with efficiency, speed, and scale. This project will provide clean daytime power to farmers and promote energy self-reliance in rural areas. Every project we complete helps move progress forward, one megawatt at a time.”

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WRTL has earned the trust of its clients through reliable execution, on-time completion, and technical expertise. The company is a globally recognized EPC provider. It has successfully managed complex solar projects in different climates and regulatory conditions. WRTL offers an integrated service that covers design, procurement, construction, and commissioning. This approach ensures high performance, cost savings, and lasting value for clients.

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This new project strengthens WRTL’s position as a trusted partner in India’s solar industry. It also shows the company’s commitment to building sustainable infrastructure that supports both environmental goals and socio-economic growth.

Waaree Renewable Technologies Limited is a subsidiary of the Waaree Group and leads its Solar EPC business. The company has completed over 10,000 solar projects with a total capacity of 2.32 GW. It is involved in developing, financing, constructing, and operating solar plants. Waaree focuses on long-term investments, especially in commercial and industrial sectors. The Waaree Group is a pioneer in renewable energy. It provides clean energy solutions that reduce carbon emissions through both on-site and off-site solar installations.

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