Sterling and Wilson Renewable Energy Wins Large Solar Orders in India
2026-04-24 17:40
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en.Wedoany.com Reported - Sterling and Wilson Renewable Energy Ltd has secured domestic solar orders worth a total of INR 35.5 billion. The largest among these is an 875 MW (AC) solar engineering, procurement, and construction contract in Bikaner, Rajasthan, valued at approximately INR 34.9 billion, awarded by a private independent power producer. Another project involves a 50 MW (AC) installation in Maharashtra. The company stated that these contracts, signed towards the end of the fiscal year, include operation and maintenance obligations and taxes.

Management noted that the partnership with Coal India Limited marks the company's first collaboration with this public sector enterprise in the renewable energy space and will involve participation in broader clean energy deployment. The contract terms include long-term operation and maintenance provisions. The Maharashtra project further expands the company's footprint in key solar regions. With the latest orders, the company's engineering, procurement, and construction order inflow for fiscal year 2026 has exceeded INR 100.62 billion, reflecting market demand for utility-scale solar. These orders enhance the company's near-term revenue visibility.

As a global provider of engineering, procurement, and construction solutions, the company boasts a portfolio of over 26.1 GWp (including both operational and under-construction projects) and an O&M portfolio of 10.1 GWp. Its operations span 28 countries, including Southeast Asia, the Middle East, Africa, Europe, Australia, and the Americas. Recent orders will strengthen its execution capabilities and support continued expansion amid growing renewable energy demand in India.

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