Sterling and Wilson Renewable Energy bags ₹985 crore solar, BESS orders

Sterling and Wilson Renewable Energy Ltd (SWREL) on Tuesday said it has secured major domestic and international contracts valued at more than ₹985 crore, spanning a utility-scale solar project in India and standalone battery storage capacity in South Africa.

The fresh order intake covers both generation and grid stabilisation assets, executed in the normal course of business, the company said in a regulatory filing.

In the domestic market, the renewable EPC provider bagged a 534.3 MWp solar contract in Rajasthan from a leading Indian independent power producer (IPP).

Marking an engagement with a new client, the scope of work entails a Balance of System (BOS) package.

Expanding its overseas footprint, SWREL secured a contract in South Africa for two Battery Energy Storage System (BESS) projects, each with an energy storage capacity of 308 MWh, totalling 616 MWh.

Awarded by a repeat client, a prominent Middle East-based renewable energy project developer, the South African contract is structured as a turnkey EPC wrap and represents the company’s second largest utility-scale BESS project to date, the company noted.

“Together, these orders reinforce the momentum in our business and the confidence customers place in our capabilities,” said Chandra Kishore Thakur, Global CEO of Sterling and Wilson Renewable Energy.

“They also demonstrate the strength of our customer relationships, built on consistent project execution, domain expertise and the skilled manpower we have developed over the years,” Thakur added.

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