Rs 11,800 Crore Order Book: Renewable Energy Company Secures USD 560 Million Egypt Order for 1 GW Solar Project

On Monday, Indian benchmark indices ended lower, with the Nifty 50 declining 109.75 points, or 0.46 per cent, to 23,946.25. Amid the weak market sentiment, Sterling and Wilson Renewable Energy share price traded at Rs 244.35, down 0.94 per cent, after the company announced a major international order worth approximately USD 560 million for a large-scale renewable energy project in Egypt.

SWREL JV Secures A Landmark Project In Egypt

Sterling and Wilson Renewable Energy (SWREL) announced that its 50:50 joint venture with Hassan Allam Construction has received a Letter of Award (LoA) for the West Minya Solar Power Project in Egypt's Minya Governorate.

The project comprises a 1,000 MWac Solar PV plant integrated with a 600 MWh Battery Energy Storage System (BESS) and is valued at approximately USD 560 million. Upon completion, it will become one of Egypt's largest utility-scale renewable energy developments.

Comprehensive EPC Scope

Under the contract, the joint venture will undertake the complete engineering, procurement and construction (EPC) of the project. The scope includes the installation of photovoltaic generation facilities, battery energy storage infrastructure, grid interconnection works, transmission facilities and all associated balance-of-plant systems required for project execution.

Third Gigawatt-Scale Order in Nine Months

The company highlighted that this is its third gigawatt-scale order received in the last nine months, reflecting increasing customer confidence in its capability to execute large-scale renewable energy projects involving advanced technologies such as Battery Energy Storage Systems.

Commenting on the development, Chandra Kishore Thakur, Global CEO of Sterling and Wilson Renewable Energy Group, said the company is proud to support Egypt's decarbonisation journey while strengthening energy security across the MENA region. He added that the latest order reflects the growing scale of global solar projects and the continued trust customers place in the company's execution capabilities.
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About Sterling and Wilson Renewable Energy

Sterling and Wilson Renewable Energy Ltd is a global pure-play renewable EPC company providing end-to-end engineering, procurement and construction solutions across utility-scale solar, floating solar, hybrid, battery energy storage and wind projects. The company has executed and is currently constructing projects with a combined portfolio of over 27.3 GWp and manages an operation and maintenance portfolio of 13.5 GWp across 28 countries.

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Disclaimer: The article is for informational purposes only and not investment advice.