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 Gujarat.
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.
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