Sterling and Wilson Renewable Energy to Settle Arbitration Claims with OEG, Pays $2.25 Million in Settlement

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Sterling and Wilson Renewable Energy Limited (SWSS) has entered a settlement agreement with OEG Inc., USA, to resolve arbitration claims and counterclaims. As part of the agreement, SWSS will pay OEG $2.25 million in two installments, withdrawing certain counterclaims whilst reserving the right to pursue others later.

Sterling and Wilson Renewable Energy Limited (SWSS) has formally announced a settlement with OEG Inc., USA, to resolve various claims arising from arbitration initiated by OEG. The settlement agreement, signed on October 9, 2025, concludes ongoing disputes involving claims and counterclaims presented by both parties.

Under the terms, SWSS agrees to pay OEG a total of $2.25 million, structured as an initial payment of $0.75 million payable by October 16, 2025, and a final payment of $1.5 million by November 8, 2025. In exchange, SWSS withdraws certain counterclaims against OEG but has explicitly reserved the right to pursue these claims if necessary upon crystallization.

This settlement aims to mitigate legal uncertainties and foster operational focus while maintaining the company’s integrity and financial discipline. SWSS emphasized that the arrangement does not constitute an admission of liability but represents a pragmatic resolution conducive to all parties.

Sterling and Wilson Renewable Energy continues to manage multiple disputes and litigations alongside this settlement, including significant arbitration claims and customer disputes, reflecting the complexity inherent in large-scale renewable energy project delivery.

Notable Updates:

Settlement agreement reached between SWSS and OEG to resolve arbitration claims and counterclaims.
SWSS to pay $2.25 million to OEG in two installments by mid-November 2025.
Certain SWSS counterclaims against OEG are withdrawn but legally reserved for future action if warranted.
The settlement is aimed at mitigating legal uncertainties and operational distractions.
SWSS continues to handle other arbitration and litigation matters in renewable energy projects globally.

Important Points:

The settlement reflects a strategic approach to managing complex international legal disputes.
By resolving this arbitration, SWSS seeks to maintain financial stability and focus on core business growth.
This development is part of broader legal and financial challenges confronting SWSS in recent times.
The company complies with regulatory disclosure norms maintaining transparency with stakeholders.
Continued monitoring of legal outcomes by investors and industry watchers is anticipated.

Sources: NSE India Corporate Announcement, Sterling & Wilson Renewable Energy official disclosures

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