SWREL secures second South African solar project worth $147 million

Sterling and Wilson Renewable Energy Limited (SWREL) has secured a second international project in South Africa this fiscal year, an Engineering, Procurement, and Construction (EPC) contract for a 240 MW AC Solar PV project. The contract is valued at approximately $147 million. This brings SWREL's total EPC order inflows for the current fiscal year to over INR 5,088 crore.

With this latest win, SWREL is now implementing four turnkey Solar PV projects with four different developers in South Africa. The company noted strong operational progress from two projects secured last fiscal year, with the two new projects significantly bolstering its regional presence. SWREL highlights the strong growth of the Solar PV market in South Africa, driven by corporate demand for energy security, declining costs, and grid stability.

SWREL is a global pure-play, end-to-end renewable EPC solutions provider with a portfolio exceeding 22.8 GWp and an Operation & Maintenance portfolio of 9.3 GWp. The company operates in 28 countries across various continents.