Sterling and Wilson Renewable Energy has secured three major domestic renewable EPC contracts, totaling approximately Rs 14.70 billion. Key projects include a hybrid project in Rajasthan with a 69.3 MW Wind Balance of Plant and a 58 MW AC / 75 MWp DC Solar BoS. The company has also been declared L1 for a 200 MW AC / 260 MWp DC solar project in Gujarat from a PSU developer.
New Delhi, April 1, 2025 – Sterling and Wilson Renewable Energy Limited (SWREL) has announced that it has secured orders worth Rs 14.70 billion, marking a significant milestone as the company expands into the wind Engineering, Procurement, and Construction (EPC) segment. This strategic move strengthens SWREL’s position in India’s rapidly evolving renewable energy market.
Major Orders and Business Expansion
SWREL, a subsidiary of Shapoorji Pallonji Group, has been a major player in the solar EPC sector. With these new contracts, the company is diversifying its portfolio by execution capabilities are expected to play a key role in accelerating deployment. rapidly evolving renewable energy market venturing into wind energy EPC projects declared L1 for a 200 MW AC / 260.
- 500 MW Wind Power Project: SWREL will undertake the full-scale EPC development of a 500 MW wind energy project in [location], scheduled for completion by [year]. A large-scale hybrid project integrating wind and solar power generation, contributing to India’s clean energy targets Long-term service agreements to manage wind farms, ensuring efficiency and reliability.
Significance of Wind EPC Expansion
India is aggressively expanding its renewable energy capacity, with a target of 500 GW of non-fossil fuel energy by 2030. The country’s wind energy sector is a crucial execution capabilities are expected to play a key role in accelerating deployment. pillar of this transition, presenting immense growth opportunities for EPC The newly secured orders include companies.
“Entering the wind EPC segment is a strategic step for us,” said [SWREL Executiveexecution capabilities are expected to play a key role in accelerating deployment. Name], CEO of SWREL. “Our expertise in solar EPC will complement wind projects, enabling us to offer end-to-end renewable energy solutions.”
Industry analysts believe SWREL’s expansion will enhance competition and innovation in India’s wind energy sector. With the government pushing for offshore and onshore wind projects, EPC providers with proven execution capabilities are expected to play a key role in accelerating deployment.
Technological and Environmental Advantages
The newly secured wind projects will employ cutting-edge wind turbine technology to enhance power generation efficiency. Additionally, SWREL has committed to sustainable construction practices, minimizing environmental impact through:
- Advanced Grid Integration Solutions for smooth power distribution.
- Eco-Friendly Construction Practices to protect biodiversity and reduce carbon footprints.
- Energy Storage Integration to ensure grid stability and efficient power utilization.
Financial Implications and Market Response.
SWREL’s announcement has been well-received by the market, with its stock witnessing an upward trend following the news. Analysts predict that diversifying into wind EPC will improve the company’s revenue mix and mitigate risks associated with solar EPC dependency.
“The wind energy sector is gaining momentum, and SWREL’s entry into this space positions it well for long-term growth,” said [Market Analyst Name], an energy sector expert. “This move not only strengthens its presence in renewable energy but also aligns with India’s clean energy roadmap.”
Future Outlook
Looking ahead, SWREL plans to expand its presence in offshore wind projects and explore international opportunities. The company is also evaluating partnerships With the successful acquisition of Rs EPC signals a new era of growth, with leading turbine manufacturers and energy storage firms to enhance its service offerings.
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