Archive · 16 Jan 2026
Waaree Expands Battery Storage EPC Opportunities
Waaree Renewable Technologies is a company that mostly makes money from building solar power projects.
Now, they want to do more work with battery storage systems, which help store energy from solar panels.
This will help them make money in new ways.
Right now, almost all their money comes from building solar projects, but they are working on a big battery storage project and are looking for more.
They also have a lot of work planned for the next year and a half, including some projects for the government.
Besides building projects for others, they are also building their own solar power plants.
This is important because it helps them grow and serve more customers.
Waaree Renewable Technologies is expanding into battery energy storage system (BESS) EPC opportunities to diversify revenue streams.
EPC contracts currently contribute 97% of the company's ₹2,229 crore revenue for the first nine months of the financial year.
The company has a healthy order book of 2.9 GW with a 12-15 month execution timeline, with 22% from government orders.
Waaree is executing a 90 MWh battery storage system order and sees increasing demand for hybrid solar-storage solutions.
The company is also building its own independent power producer (IPP) portfolio, with 58.82 MWp developed and 227.1 MWp planned.
- Who
- Waaree Renewable Technologies Ltd (WRTL)
- What
- Expanding into battery energy storage system (BESS) EPC opportunities
- When
- Currently executing BESS orders in 2026
- Where
- India
- Why
- To diversify revenue streams and meet rising demand for hybrid solar-storage solutions
- Company
- Waaree Renewable Technologies Ltd (WRTL)
- Revenue Streams
- EPC, O&M, IPP generation, BESS EPC
- Nine-Month Revenue
- ₹2,229 crore
- EPC Contribution
- 97% of revenue
- Order Book
- 2.9 GW with 12-15 month timeline
- Government Orders
- 22% of order book value
- BESS Order
- 90 MWh battery storage system
- IPP Assets
- 58.82 MWp developed, 227.1 MWp planned