Sterling and Wilson Renewable Energy Ltd (SWREL) has secured a ₹504 crore contract to build a new solar power plant in Rajasthan. The project involves the development of a 305 MW AC / 396 MWp DC photovoltaic plant for a private independent power producer (IPP).
SWREL Secures Solar Contract Order from Private IPP
Sterling and Wilson Renewable Energy Limited (SWREL) has announced a new domestic order from a private IPP. In a regulatory filing, the company confirmed receipt of a Letter of Award (LOA) for the supply, installation, and commissioning of the photovoltaic plant in Rajasthan.
Valued at approximately ₹504 crore, including taxes, the project was awarded by a repeat client. SWREL noted that the contract reflects a significant increase in projects from private IPPs, especially from returning customers.
“We have been making strong inroads in the domestic private IPP market this year, and this new project win reflects our strong positioning and is a testament to our domestic value proposition. Besides 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
With a portfolio exceeding 20.7 GWp across 28 countries, Sterling and Wilson Renewable (SWREL) also manages an operation and maintenance portfolio of 7.8 GWp in solar power projects. This latest order underscores 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 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, reinforcing its position as a leader in the renewable energy sector.
