Sterling and Wilson Renewable Energy secures projects worth ₹1,470 crore

Sterling and Wilson Renewable Energy Limited (SWREL) (BSE Scrip Code: 542760; NSE Symbol: SWSOLAR), a renewable EPC company, has received two new domestic letter of awards from Private IPPs and has been declared L1 for a 200 MW AC solar project. The total value of the three domestic projects is approximately INR 1,470 crore, including taxes and O&M.

The company received its first letter of award for a Wind EPC project from a Private IPP for a Hybrid project in Rajasthan. The scope includes Engineering, Procurement, and Construction of a 69.3 MW Wind Balance of Plant and 58 MW AC / 75 MWp DC Solar BoS, along with a 132 kV / 33 kV pooling substation.

SWREL achieved L1 status for a turnkey solar project of 200 MW AC / 260 MWp DC PV plant in Gujarat from a PSU developer. Additionally, the company secured a letter of award for a PV plant in Rajasthan from a domestic IPP.

Commenting on the project awards, Chandra Kishore Thakur, Global CEO of SWREL, stated, “We are very excited to bag three prestigious domestic projects including our foray into Wind EPC through a Hybrid project win which opens up a new exciting segment for us. We have already established a market leading presence in India in Solar and BESS, and our entry into Wind helps us provide holistic EPC solution for Hybrid projects. We continue to position ourselves as per our customer requirements, and market trajectory and these project wins are a reflection of the same.”

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