Sterling and Wilson Renewable Energy secures Rs 1,200 crore solar project in Gujarat

Sterling and Wilson Renewable Energy is an end-to-end provider of renewable engineering, procurement, and construction solutions.

Sterling and Wilson Renewable Energy Ltd. has received a Letter of Intent (LoI) for a Rs 1,200 crore solar project in Gujarat. The order involves the design, engineering, procurement, and construction (EPC) of the Balance of System for a 500 MW (AC) Solar PV project. In addition to providing EPC services with single-point responsibility, the project will also include comprehensive operation and maintenance for three years.

Amit Jain, Global CEO of Sterling and Wilson Renewable Energy Group, expressed pride in securing the prestigious order, highlighting its role in advancing India’s transition to clean energy. "This project supports India and especially Gujarat’s clean energy transition. We are immensely satisfied that our customers continue to trust our team as part of their growth in the domestic renewable market," Jain said.

Sterling and Wilson Renewable Energy is an end-to-end provider of renewable engineering, procurement, and construction solutions. Earlier this year, the company secured two solar EPC orders worth Rs 512 crore from private independent power producers. These included a 250 MWp DC project in Gujarat and a 65 MWp DC project in Maharashtra.

In a separate development, the promoters of Sterling and Wilson Renewable Energy, Shapoorji Pallonji and Co. and Khurshed Yazdi Daruvala, offloaded a 7.13% stake in the company in September.