Waaree Renewable Technologies on Monday said it has inked an initial pact with Viet Khanh Joint Stock Company to execute turnkey EPC works of a 100MW photovoltaic solar power project in Vietnam.
This alliance marks a major milestone in cross-border clean energy collaboration between India and Vietnam and the second such tie-up between Waaree Group and Viet Khanh after successful completion of a 49.5 MW project in Cam Ranh province in 2019, a statement said.
The MoU seeks to reaffirm the strong business relationship and commitment between Waaree and the project owner, with a full scope of design, engineering construction, testing and connecting the solar power plant to the national power grid, it stated.
“This collaboration reflects Waaree Group’s strong reputation in delivering high-performance, bankable solar infrastructure globally,” said Viren Doshi, Executive Director, Waaree Renewable Technologies.
Once operational, the 100MW solar power project is expected to offset approximately 130,000 metric tonne of CO₂ emissions per year — equivalent to planting over 2 million trees annually.
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
