Sterling and Wilson Renewable Energy Ltd. has secured two new domestic contracts from private independent power producers (IPPs) and emerged as the lowest bidder for a 200 MW AC solar project. The combined order value is approximately ₹1,470 crore. The company won a Wind EPC contract for a hybrid project in Rajasthan, and has been declared L1 for a 200 MW AC/260 MWp DC solar project in Gujarat.
Sterling and Wilson Renewable Energy Limited (SWREL), a prominent global engineering, procurement, and construction (EPC) solutions provider in the renewable energy sector, has recently secured significant contracts totaling approximately ₹1,470 crore These contracts encompass two major solar photovoltaic (PV) projects in Gujarat.
500 MW Solar PV Project in Gujarat
In December 2024, SWREL received a Letter of Intent (LoI) for a 500-megawatt (MW) alternating current (AC) solar PV project in Gujarat, valued at around ₹1,200 crore contracts worth a leading provider in The scope of this project includes the design, engineering, procurement, and India, reinforcing the company’s position in the renewable energy landscape. construction (EPC) of the balance-of-system (BoS) components.
300 MW Solar PV Project at Khavda RE Power Park
In September 2023, SWREL secured a contract from NTPC Renewable Energy The recent contracts not only enhance SWREL’s Limited (NTPC REL) for a 300 MW AC solar PV project at Khavda Renewable Energy Power Park in Gujarat, valued at ₹1,535 crore, inclusive of taxes and a three-year Along with a three-year operation and maintenance (O&M) contract. Amit Jain, Global CEO of Sterling and Wilson.
Renewable Energy Group, emphasized that this project would support India’s and Gujarat’s transition towards clean energy. O&M contract. This project marked the third order from NTPC REL within a year, bringing SWREL’s total order booking to ₹3,100 crore at that time. Amit Jain highlighted that this order complemented their existing portfolio of 2.47 GW AC under execution for NTPC REL in Khavda.
Strategic Implications and Industry Impact
These substantial contracts underscore SWREL’s robust capabilities in executing large-scale renewable energy projects and its pivotal role in India’s renewable energy ambitions. The company’s focus on delivering comprehensive EPC solutions, engineering, procurement, and construction (EPC) coupled with O&M services, positions it favorably in the competitive renewable energy market
India’s commitment to achieving 500 GW of non-fossil fuel capacity by 2030 has accelerated the demand for renewable energy projects. Companies like SWREL are instrumental in realizing this vision by leveraging their expertise to deliver efficient and sustainable energy solutions The recent contracts not only enhance SWREL’s project portfolio but also contribute significantly to India’s clean energy transition.
In summary, Sterling and Wilson Renewable Energy Limited’s recent contract Sterling and Wilson Renewable Energy energy the sector acquisitions, totaling approximately ₹1,470 crore, highlight its leadership in the renewable energy sector and its commitment to supporting India’s sustainable energy goals through the development of large-scale solar PV projects.
500 MW Solar PV Project in Gujarat
SWREL received a Letter of Intent (LoI) for a 500-megawatt (MW) solar photovoltaic (PV) project in Gujarat, valued at around ₹1,200 crore. The scope includes design, engineering, procurement, and construction (EPC) of the balance-of-system (BoS) components, along with a three-year operation and maintenance (O&M) contract.
300 MW Solar PV Project at Khavda
Additionally, SWREL secured a contract from NTPC Renewable Energy Limited Limited (SWREL) has secured renewable (NTPC REL) for a 300 MW solar PV project at Khavda Renewable Energy Power Park, Gujarat. This project, valued at ₹1,535 crore (including taxes and O&M services), is the third order received from NTPC REL within a year.
- Group Media Publication
- Construction, Infrastructure and Mining
- General News Platforms – IHTLive.com
- Entertainment News Platforms – https://anyflix.in/
%20/23%20cimr%204.jpg "India is selected to host the ICCC Conference in 2027.")