Sterling and Wilson Renewable Energy Limited (SWREL) has secured its second international solar project in South Africa this fiscal, awarded a 240 MW turnkey EPC contract worth INR 1,313 crore (USD 147 million), strengthening its foothold in the expanding South African renewable energy market.
Sterling and Wilson Renewable Energy Limited (SWREL), a global leader in renewable engineering, procurement, and construction (EPC), announced its latest milestone with the award of a 240 MW AC turnkey solar photovoltaic (PV) project in South Africa valued at INR 1,313 crore. This marks the company's second international order from South Africa within the current fiscal year, reflecting its strong strategic positioning and growing presence in the country’s robust renewable energy market.
SWREL currently manages four solar projects across South Africa with four reputed developers. The latest contract strengthens its portfolio in a region witnessing accelerated demand for solar energy driven by corporate needs for energy security, grid stability, and declining solar costs. SWREL’s total EPC order inflows have crossed INR 5,088 crore this fiscal, indicating sustained momentum in international markets.
Global CEO Mr. Chandra Kishore Thakur expressed excitement about this achievement, highlighting South Africa as a key market where SWREL continues to expand its project footprint through proven operational success and client partnerships.
Key Highlights:
Awarded a 240 MW AC turnkey solar EPC contract in South Africa valued at INR 1,313 crore.
Second international order from South Africa within this fiscal year.
Currently executing four solar projects with four reputed developers in the South African market.
Total EPC order inflows for the fiscal have exceeded INR 5,088 crore.
South Africa’s solar PV market driven by corporate energy security demands and grid stability needs.
SWREL operates across 28 countries with a total portfolio over 22.8 GWp in solar projects globally.
Sources: Sterling and Wilson Renewable Energy Limited corporate release