Sterling and Wilson Renewable Energy Ltd (SWRE) announced that it has received the Notification of Award for a 300 MW (AC) solar EPC project in Gujarat. The project, to be located at Khavda RE Power Park, Rann of Kutch, was awarded by NTPC Renewable Energy Ltd (NTPC REL).
The total contract price, including operation and maintenance for three years, would be INR 1,535 crore.
The latest order is SWRE’s third win from NTPC REL in just over a year. With this, its cumulative order wins from NTPC REL in Khavda touch INR 5,850 crore (including operations and maintenance).
“This 300 MWac project is synergistically located between the first two projects won. The formal contract signing is likely to happen in due course,” stated SWRE.
Amit Jain, global CEO of Sterling and Wilson Renewable Energy Group, said, “The new order win of 300 MW AC complements our existing portfolio of 2.47 GW AC currently under execution for NTPC REL in Khavda and helps us leverage the low module price environment globally.”
With this order, SWRE’s year-to-date order booking stands at INR 3,100 crore.
“The domestic order pipeline continues to remain strong and we’re confident of surpassing the FY 2023 order booking in this financial year,” Jain added.
Sterling and Wilson Renewable Energy Ltd is a global pure-play, end-to-end renewable engineering, procurement and construction (EPC) solutions provider. The company provides EPC services for utility-scale solar, floating solar, and hybrid and energy storage solutions. It has a total portfolio of 13.6 GWp (including projects commissioned and under various stages of construction). SWRE also manages an operation and maintenance (O&M) portfolio of around 7 GWp solar power projects, including projects constructed by third parties. Present in 29 countries today, Sterling and Wilson Renewable Energy Ltd has operations in India, Southeast Asia, the Middle East, Africa, Europe, Australia, and the Americas.
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