Waaree Energies arm locks in long-term power deal for 300 MW wind project in Gujarat | Latest News Updates

The company said the PPA was executed on May 6, 2026, in furtherance to its earlier intimation dated February 24, 2026.

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Waaree Energies arm locks in long-term power deal for 300 MW wind project in Gujarat

Waaree Energies Ltd said its wholly owned step-down subsidiary, Waaree Forever Energies Four Private Limited, has entered into a Power Purchase Agreement (PPA) with Solar Energy Corporation of India Limited for the development of a 300 MW wind power project in Dwarka, Gujarat.

The company said the PPA was executed on May 6, 2026, in furtherance to its earlier intimation dated February 24, 2026.

Earlier, last week, Waaree Energies Ltd reported its Q4 results, with revenue for the quarter coming in at ₹8,840.25 crore, marking a 111.80% year-on-year growth.

Net profit for the quarter rose to ₹1,126.26 crore, marking a 74.76% year-on-year increase.

Operating EBITDA for Q4 came in at ₹1,576.76 crore, up 70.91% YoY, with margins at 18.59%. Total EBITDA for FY26 reached ₹6,616.79 crore, surpassing the guided range of ₹5,500 crore to ₹6,000 crore.

The firm had said that it achieved module production of 4.2 GW during the quarter and a record annual production of 12.6 GW for FY26, supported by operational efficiency and scale advantages.

During the quarter, Waaree Energies Limited completed the acquisition of a strategic stake in United Solar Holding Inc., Oman’s polysilicon leader, aimed at securing a traceable supply chain and supporting global expansion.

Shares of Waaree Energies Ltd ended at ₹3,223.50 on the NSE on May 6, up ₹41.80 or 1.31% for the day.

Also Read: CESC Q4 profit rises 17% to ₹439 crore, but margins shrink

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