Waaree Renewable Tech inks ECI deal for solar plus BESS project in New Zealand
WAAREERTL · price
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Waaree Renewable Technologies (WRTL) signed an Early Contractor Involvement (ECI) Agreement with an SPV of a leading global Independent Power Producer for a utility-scale solar PV project integrated with Battery Energy Storage System in New Zealand. Work is in consortium with two local NZ firms. This marks WRTL's entry into the ANZ renewable energy market. ECI phase runs about 4 months for preliminary work; thereafter the principal may sign the main EPC contract with a 24-month execution timeline. No contract value disclosed. No related party transactions.
New international market entry supports growth outlook but ECI is early-stage; EPC contract value and margin impact remain uncertain.