Solarworld Energy Solutions has announced that it has received a Letter of Award (LoA) worth INR 725.33 crore from NTPC Renewable Energy for the engineering, procurement, and construction (EPC) of a 250 MWac grid-connected solar photovoltaic (PV) project. According to a regulatory filing, the project is scheduled for completion in the financial year 2026-27.
The award marks another milestone for the company in a year that has seen multiple contract wins and strategic initiatives. In September 2025, Solarworld raised approximately INR 490 crore through its initial public offering (IPO), strengthening its financial position to support ongoing and upcoming projects.
Earlier in July 2025, Solarworld secured an EPC contract from NTPC Renewable Energy for a 325 MW solar PV project located in Bikaner, Rajasthan. This followed the company’s April 2025 victory in Gujarat Urja Vikas Nigam’s (GUVNL) auction for 500 MW/1,000 MWh standalone battery energy storage systems (BESS), where it won a 200 MW project at a tariff of INR 2.80 lakh per MWh per month.
Additionally, in January 2025, Solarworld Energy Solutions had emerged successful in Rajasthan Rajya Vidyut Utpadan Nigam’s (RVUNL) auction for standalone BESS projects, securing a 125 MW/250 MWh project at a tariff of INR 2.21 lakh per MW per month. These orders reflect the company’s expanding footprint across both solar PV and battery energy storage solutions in India.
Headquartered in Noida, Solarworld Energy Solutions specializes in delivering end-to-end solar energy solutions, including rooftop and ground-mounted solar PV systems, primarily through EPC contracts. Since its inception in 2013, the company has steadily grown its project portfolio and established itself as a significant player in India’s renewable energy sector.
With the addition of the 250 MW NTPC EPC contract, Solarworld continues to strengthen its presence in utility-scale solar projects while leveraging the capital raised from its IPO to support ongoing and future developments. The project’s completion in FY 2026-27 is expected to further enhance the company’s order book and contribute to India’s renewable energy capacity expansion.
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