Sterling and Wilson Renewable Energy Secures Solar and Hybrid Projects Valued at INR 1,470 Crore

Key Takeaways

Sterling and Wilson Renewable Energy has won awards for a total of 127 MW AC hybrid wind-solar and solar projects in Rajasthan.
The company emerged as the lowest bidder for a 200 MW AC solar project in Gujarat, bringing the total order value to INR 1,470 crore.
This marks Sterling and Wilson’s entry into wind EPC, enhancing its capabilities in hybrid renewable energy solutions.

Project Details and Company Expansion

Sterling and Wilson Renewable Energy Ltd (SWREL) has announced the receipt of letters of award for two significant projects within India, along with being recognized as the lowest bidder for a third solar project. The total value of these contracts is estimated at INR 1,470 crore, which includes taxes and an operations and maintenance (O&M) agreement.

The first project is a hybrid wind-solar initiative located in Rajasthan, which signifies the company’s foray into wind engineering, procurement, and construction (EPC). This project involves the engineering, procurement, and construction of a 69.3 MW AC wind balance-of-plant and 58 MW AC (75 MWp DC) solar balance-of-system (BoS). Additionally, a 132 kV/33 kV pooling substation will be part of this development.

The second major achievement for SWREL is its selection as the lowest bidder for a 200 MW AC (260 MWp DC) photovoltaic (PV) solar project in Gujarat, commissioned by a major public-sector developer. Furthermore, the company received another letter of award for a separate PV plant in Rajasthan, contracted by a domestic private-sector power producer.

Chandra Kishore Thakur, the global CEO of Sterling and Wilson Renewable Energy, highlighted the company’s established reputation in the solar and battery energy storage systems (BESS) sectors. He expressed that entering the wind energy sector allows SWREL to provide comprehensive EPC solutions for hybrid projects. Thakur emphasized the company’s commitment to aligning its offerings with customer needs and market trends, indicating that these project wins mirror the company’s strategic positioning.

This expansion into wind energy reflects a growing trend among renewable energy companies, aiming to deliver integrated solutions that combine different energy sources for enhanced efficiency and sustainability. The success of these projects positions Sterling and Wilson for further growth in India’s renewable energy landscape as it continues to diversify and strengthen its portfolio.

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