Sterling and Wilson Renewable Energy Ltd (SWREL), an Indian multinational renewable EPC company, today announced that it has signed a 5-year strategic partnership framework agreement with Adani Green Energy Ltd—India’s largest and fastest growing RE developer—for their future India RE rollout.
Under the agreement, the company has received its first order for a Balance of System (BOS) package for three solar power projects at one of the World’s largest RE projects at Khavda Renewable Energy Park, Gujarat. This order involves supply of goods and onsite services with total order valued at around INR 1,381 crore excluding taxes.
SWREL is currently executing 6 GW of projects in the Khavda region with 5 GW scheduled to be completed in this fiscal. With its latest 1 GW project, SWREL continues to maintain a dominant position in the Gujarat region.
“This partnership between India’s largest RE developer, and one of India’s biggest solar EPC players further strengthens our EPC leadership in the fast growing Indian Solar market. This order is a testament to the trust our clients place in our engineering excellence, execution capabilities, and ability to deliver large GW projects with a fast turnaround,” said Chandra Kishore Thakur, Global CEO, Sterling and Wilson Renewable Energy Group. “With this order win, SWREL has now achieved more than INR 6,450 crore of order inflows this fiscal, and our pipeline continues to remain robust.”
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