Sterling and Wilson Renewable Energy Limited (SWREL), a leading renewable EPC company, has received a Letter of Intent (LoI) for a ₹1,200 crore order in maintenance (O&M) renewable energy projects positions it Gujarat. The project is expected to generate employment, boost local economies, and strengthen Gujarat’s position as a leader in India’s renewable energy transition.
The project involves the design, engineering, procurement, and construction (EPC) of the Balance of System (BOS) for a 500 MW (AC) solar PV project. SWREL will also provide comprehensive operations and maintenance (O&M) services for three years, ensuring seamless execution and performance of the solar project.
Speaking on the new order announcement, Mr. Amit Jain, Global CEO, Sterling and Wilson Renewable Energy Group shared, “We are proud to receive this prestigious order, which will support India and especially Gujarat’s transition towards clean energy. It is a matter of immense satisfaction for us.
that customers continue to repose their trust in our team to be a part of their growth in the domestic renewable market. India is one of the world’s largest energy markets and must therefore focus on sustainable options to mitigate climate challenges while strengthening energy security, job creation and economic growth.
We therefore remain confident about the future growth of India’s renewable energy sector and our increased role towards supporting it”, he added. Sterling and Wilson Renewable Energy Limited (SWREL) has secured a significant contract valued at approximately ₹1,200 crore for a 500 megawatt (AC) solar photovoltaic.
(PV) project in Gujarat. The scope of this project encompasses the design, engineering, procurement, and construction (EPC) of the Balance of System (BOS), along with a comprehensive three-year operations and maintenance (O&M) agreement.
This development marks a substantial expansion of SWREL’s footprint in India’s renewable energy sector, reinforcing its position as a leading EPC solutions provider. The project aligns with India’s ongoing efforts to transition towards sustainable energy sources, contributing significantly to the nation’s clean energy objectives.
Upon announcement, SWREL’s shares experienced a notable surge, reflecting positive investor sentiment and confidence in the company’s growing order book, which now stands at ₹10,549 crore. This robust pipeline is in line with SWREL’s revenue target of ₹8,000 crore for the fiscal year 2025, indicating strong business prospects and a commitment to advancing India’s renewable energy infrastructure.
The successful execution of this project is poised to bolster Gujarat’s renewable energy capacity, fostering economic growth and supporting environmental sustainability in the region. SWREL’s expertise in delivering large-scale solar projects underscores its pivotal role in India’s journey towards a greener and more sustainable energy future.
Sterling and Wilson Renewable Energy (SWRE) has secured a ₹1,200 crore contract for developing a large-scale solar power project in Gujarat. The project is part of India’s ongoing efforts to expand its renewable energy capacity and achieve its green energy targets.
The solar power plant will have a significant generation capacity, contributing to Gujarat’s increasing adoption of sustainable energy solutions. SWRE will be responsible for the project’s engineering, procurement, and construction (EPC), ensuring timely execution with advanced technology and high efficiency.
This initiative aligns with the government’s vision of promoting clean energy and reducing carbon emissions. The solar project will help power thousands of households and industries, reducing reliance on fossil fuels and enhancing energy security in the region.
Sterling and Wilson’s expertise in large-scale renewable energy projects positions it as a key player in India’s solar energy sector. With this contract, the company continues to expand its footprint in the green energy domain, reinforcing its commitment to sustainability and innovation.
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