Waaree Renewable Technologies Limited (WRTL), a leading solar EPC and module provider, has made a strategic investment of ₹7.98 crore to acquire a 3.23% equity stake in Smart Joules Private Limited, a company focused on energy efficiency and decarbonization solutions.

This investment marks WRTL’s entry into the rapidly growing energy efficiency space. It aligns with its broader vision to enable end-to-end clean energy solutions across India. Smart Joules is engaged in designing and implementing performance-linked decarbonization projects across commercial and industrial facilities.

The ₹7.98 crore investment was made via a primary subscription, and it gives WRTL a minority equity interest in Smart Joules. The deal was approved at the company’s Board meeting. It falls under the strategic investment category. This move aims to diversify WRTL’s green energy portfolio.

Smart Joules is recognized for its expertise in energy audits, retrofits, and digital tools that enhance energy usage in real-time. Its clientele includes large hospitals, commercial buildings, and industrial units, making it a valuable partner in the sustainability ecosystem.

The company’s mission to reduce energy waste and carbon emissions complements WRTL’s solar EPC and module supply capabilities. WRTL is moving beyond solar by investing in Smart Joules. They are entering adjacent domains like energy performance contracting. These domains are poised for explosive growth amid rising sustainability mandates in India and globally.

This investment is expected to create long-term synergies. Smart Joules’ decarbonization strategies can be integrated with WRTL’s rooftop and utility-scale solar offerings. This is especially beneficial in sectors like healthcare, commercial real estate, and manufacturing.

The acquisition aligns with WRTL’s strategy to support climate-tech innovators. It helps build a broader platform of clean energy solutions. This approach gives WRTL a competitive edge in the evolving green infrastructure market.

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