Sterling and Wilson Renewable Energy has secured a $141 million engineering, procurement and construction (EPC) order for a 500-megawatt (MW) solar project in Gujarat, India. This deal strengthens its position in India’s renewable energy sector. The contract includes the design, engineering and installation of the balance-of-system (BoS) components.
SWREL to Manage EPC for the Solar Project
Sterling and Wilson Renewable Energy announced that it has received a letter of intent for a solar project valued at approximately INR 12 billion ($141 million). The company will manage the design, engineering and procurement (excluding PV module supply), as well as the construction of the 500 MW (AC) solar project. The EPC contract includes the installation of the balance-of-system (BoS) components. Additionally, Sterling and Wilson will provide comprehensive operation and maintenance (O&M) support for three years.
“We are proud to receive this prestigious order which will support India, and especially Gujarat’s transition towards clean energy,” said Amit Jain, global chief executive officer, Sterling and Wilson Renewable Energy Group.
India's Push for Sustainable Energy and Economic Growth
India's commitment to sustainable energy solutions is essential for addressing climate challenges, improving energy security and promoting economic growth. The country has been increasing its renewable energy capacity to achieve its goal of 500 GW of non-fossil fuel capacity by 2030.
Amit Jain, global chief executive officer, Sterling and Wilson Renewable Energy Group, said : “India is one of the world's largest energy markets and must therefore focus on sustainable options to mitigate climate challenges while strengthening energy security, job creation and economic growth. We therefore remain confident about the future growth of India’s renewable energy sector and our increased role in supporting it,”
Sterling and Wilson: Global Renewable EPC Leader
Sterling and Wilson Renewable Energy is a worldwide provider of comprehensive renewable engineering, procurement and construction (EPC) solutions, specialising in utility-scale solar, floating solar, hybrid and energy storage systems.
The company operates in 28 countries and has a portfolio exceeding 20.7 gigawatt-peak (GWp) of solar projects, including those in various stages of construction. Its operations and maintenance (O&M) portfolio covers 7.8 GWp, including third-party-built projects. The company has a strong presence serving markets across Southeast Asia, the Middle East, Africa, Europe, Australia and the Americas.