India's Waaree Renewable Tech inks deal for 100MWp solar venture

June 24, 2025 | 16:11

(0) user say

India's leading solar engineering, procurement, and construction company Waaree Renewable Technologies Ltd announced on June 23 that it has signed an MoU with Viet Khanh Group for a 100MWp solar turnkey initiative.

India's Waaree Renewable Tech inks deal for 100MWp solar venture

This strategic collaboration builds on the success of Waaree Group’s 49.5MW plant in Cam Ranh and reflects its unwavering commitment to engineering excellence, climate leadership, and India-Vietnam energy cooperation.

The 100MWp solar EPC turnkey initiative will be located in Cu M’gar district, Dak Lak province.

Under the MoU, Waaree will engage in the full scope of work, including design, engineering, construction, testing, commissioning, and grid integration of the solar power plant. This will be coupled with the supply of PV modules and transmission line infrastructure.

When put into operation, the initiative is expected to reduce more than 130,000 metric tonnes of carbon emissions annually, equivalent to planting over two million trees each year.

“Waaree Group’s 49.5 MW solar plant delivered in 2018-19 remains one of the highest-performing solar installations in Vietnam. This unmatched performance and professionalism form the foundation of renewed trust. We are pleased to extend our collaboration with Waaree for this project and look forward to building one of the most efficient clean energy assets in the region,” said Dinh Xuan Hai Sang, chairman of Viet Khanh.

“We are honoured to deepen our partnership with Viet Khanh through this landmark solar plant. This collaboration reflects Waaree Group’s strong reputation for delivering high-performance, bankable solar infrastructure globally. Our commitment to quality, sustainability, and energy transition aligns perfectly with Vietnam’s national energy vision,” said Viren Doshi, executive director of Waaree Renewable Technologies Ltd.

Shizuoka Gas to acquire shares in My Son-Hoan Loc Viet Solar Energy

On November 8, Shizuoka Gas Co., Ltd. reached an agreement with energy developer Hoan Loc Viet JSC (HLV) to acquire 25 per cent of My Son-Hoan Loc Viet Solar Energy JSC (MSHLV).

Solar firm Stride secures investment

Clime Capital, UOB Venture Management, and Touchstone Partners, announced on March 24 that they have completed a Series A equity investment in solar cleantech provider Stride.

GreenYellow celebrates launch of rooftop solar project with TAL Apparel

GreenYellow Vietnam announced the launch of its latest rooftop solar project on April 2 in partnership with TAL Apparel Limited, a global garment manufacturer, for its subsidiaries TAV Limited and VNG at Vietnam Garments Manufacturing Limited.

By Thanh Van

What the stars mean:

★ Poor ★ ★ Promising ★★★ Good ★★★★ Very good ★★★★★ Exceptional