Deals27 Nov 2025, 08:44 am
Sterling and Wilson Renewable Energy Wins Second South African Project This Fiscal Valued At ~INR 1,313 crore
AI Summary
Sterling and Wilson Renewable Energy Limited (SWREL) has won a turnkey EPC contract for a 240 MW AC Solar PV project in South Africa. The total value of the contract is approximately USD 147 million (~INR 1,313 crore). This is the second international project won by SWREL from South Africa this fiscal. The company is currently implementing four turnkey Solar PV projects with four reputed developers in the South African market. The Solar PV market in South Africa is witnessing strong growth due to corporate demand for energy security, declining costs, and grid stability.
Key Highlights
- Received LOA for a 240 MW AC turnkey project in South Africa
- SWREL now has a portfolio of four projects with four developers in the rapidly growing South African market
- Total EPC order inflows this fiscal have exceeded INR 5,088 crore
- South Africa remains a key international market for SWREL
- SWREL has now achieved ~INR 5,088 crore of order inflows this fiscal