Sterling & Wilson Achieves Breakthrough in Wind EPC; Announces 3 New Solar/Hybrid Projects Valued at INR 1,470 Crore

Sterling and Wilson Renewable Energy Limited (SWREL) has announced that it has received three new domestic letters of awards from private IPPs and has been declared L1 in a 200 MW AC solar project. The cumulative order value of the three domestic projects combined is INR 1,470 crore including taxes and O&M. The company received its first letter of award for a Wind EPC from a Private IPP for a Hybrid project in Rajasthan. Scope of work 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 132 kV / 33 kV pooling substation. The company has achieved L1 for a turnkey solar project of 200 MW AC / 260 MWp DC PV plant in Gujarat, India from a leading PSU developer. The company has also received a letter of award for a PV plant in Rajasthan, India from a domestic IPP. These project wins are a reflection of the company's commitment to provide holistic EPC solutions for Hybrid projects and position itself as per customer requirements and market trajectory.