Sterling and Wilson Renewable Energy Ltd (SWREL) has been awarded a ₹504 crore solar contract to build a solar power plant in Rajasthan. The project includes developing a 305 MW AC/396 MWp DC photovoltaic plant facility.
SWREL Secures Solar Contract Order from Private IPP
Sterling and Wilson Renewable Energy Limited (SWREL) announced that it has secured a new domestic order from a private independent power producer (IPP). In a regulatory filing, the company revealed it had received a Letter of Award (LOA) for the supply, installation and commissioning of a 305 MW AC / 396 MWp DC photovoltaic plant in Rajasthan.
The project awarded by a repeat client is valued at approximately ₹504 crore, including taxes. SWREL noted a significant increase in projects from private IPPs, particularly from returning customers.
“We have been making strong in-roads in the domestic Private IPP market this year, and this new project win reflects our strong positioning and bears testament to our domestic value proposition. Beside the strong order pipeline we are seeing in the private sector, there are a large number of bids expected from PSUs in Q4 which augurs well for achieving our order booking target for the year.” said Amit Jain, Global CEO, Sterling and Wilson Renewable Energy Group.
Sterling and Wilson's 20.7 GWp Portfolio Across 28 Countries
Sterling and Wilson Renewable (SWREL) boasts a portfolio exceeding 20.7 GWp across 28 countries. The company also oversees an operation and maintenance portfolio of 7.8 GWp in solar power projects. This new order highlights the company's ongoing growth in the renewable energy sector and its ability to secure major infrastructure projects in the domestic market.
Sterling and Wilson Renewable: A Global Leader in Renewable Energy Solutions
Sterling and Wilson Renewable Energy Limited is a global leader in providing comprehensive engineering, procurement and construction (EPC) services for utility-scale solar projects, floating solar solutions and hybrid energy storage systems. With an impressive portfolio of operational and under-development projects, the company operates across 28 countries, including India, Southeast Asia, the Middle East, Africa, Europe, Australia and the Americas.
Known for its innovation and reliability, Sterling and Wilson Renewable delivers tailored, high-quality solutions to meet the dynamic needs of the renewable energy industry. Its strong track record and dedication to sustainability have made it a trusted partner for Independent Power Producers (IPPs) and public sector undertakings (PSUs) globally, thereby reinforcing its position as a leader in the renewable energy sector.