Sterling and Wilson Renewable Energy Secures ₹985 Crore Orders in India and South Africa

BY A_ADMIN • FILED 22 Sep 2026, 9:37 AM

Sterling and Wilson Renewable Energy Limited (SWREL) has secured new domestic and international renewable energy orders worth over ₹985 crore, including taxes, strengthening its order pipeline and expanding its presence in the solar power and energy storage segments.

In an exchange filing dated September 22, 2026, the company announced a 534.3 MWp solar project in Rajasthan and two Battery Energy Storage System (BESS) projects in South Africa with a combined energy storage capacity of 616 MWh.

The new order wins include a project from a new domestic customer and an international project from a repeat customer, reflecting the company’s ongoing business momentum in renewable energy engineering, procurement, and construction (EPC).

Sterling and Wilson Renewable Energy: Key Order Highlights

Order Win ₹985+ Crore

Combined value of domestic and international orders, including taxes

Domestic Solar Order – Rajasthan

Capacity: 534.3 MWp
Customer: New customer, a leading Indian Independent Power Producer (IPP)
Scope: Balance of System (BOS) package

International BESS Orders – South Africa

Number of projects: 2
Combined capacity: 616 MWh
Customer: Repeat customer, a Middle East-based renewable energy developer
Scope: Turnkey EPC wrap

1. Rajasthan Solar Project: 534.3 MWp Order

Sterling and Wilson Renewable Energy has secured a 534.3 MWp solar power project in Rajasthan from a leading Indian Independent Power Producer (IPP).

The order comes from a new customer, expanding the company’s domestic customer base. The project involves a Balance of System (BOS) package, which generally covers essential solar plant infrastructure and associated systems beyond the solar modules.

According to the company, the project is estimated to reduce CO₂ emissions by approximately 0.80 million upon commissioning, contributing to India’s renewable energy and sustainability objectives.

2. South Africa BESS Projects: 616 MWh Energy Storage Capacity

Alongside the domestic solar order, SWREL has secured an international contract in South Africa covering two Battery Energy Storage System (BESS) projects, each with a capacity of 308 MWh.

The combined energy storage capacity of the two projects is 616 MWh. The order has been awarded by a Middle East-based renewable energy project developer that is an existing customer of the company.

The contract involves a turnkey EPC wrap, making it a significant addition to Sterling and Wilson Renewable Energy’s energy storage portfolio.

The company highlighted that this is its second-largest utility-scale BESS project, underlining its growing participation in the battery energy storage segment.

3. Management Commentary on the New Orders

Commenting on the order wins, Chandra Kishore Thakur, Global CEO of Sterling and Wilson Renewable Energy, said the two projects reinforce business momentum and customer confidence in the company’s execution capabilities.

He also highlighted the importance of customer relationships, project execution experience, domain expertise, and skilled manpower in securing these contracts.

4. What the New Orders Mean for Sterling and Wilson Renewable Energy

The latest order wins provide several business updates for investors tracking SWREL:

Order pipeline expansion: The combined order value of over ₹985 crore adds to the company’s project execution pipeline.
Domestic customer addition: The Rajasthan solar project strengthens the company’s customer base in India.
International business opportunity: The South African BESS projects expand SWREL’s presence in utility-scale energy storage.
Repeat customer confidence: The international order reflects continued engagement with an existing customer.
Energy storage exposure: The 616 MWh capacity strengthens the company’s participation in the growing battery energy storage market.

However, the company announcement does not disclose the project-wise revenue recognition schedule, execution timeline, expected margins, or payment milestones. These factors will be important in assessing the impact of the new orders on future financial performance.

5. About Sterling and Wilson Renewable Energy Limited

Sterling and Wilson Renewable Energy Limited is a global renewable energy EPC solutions provider offering services across utility-scale solar, floating solar, hybrid energy, energy storage, and wind projects.

As stated in the company’s press release, SWREL has a total project portfolio exceeding 28.7 GWp, including commissioned projects and projects under construction. Its operations and maintenance (O&M) portfolio covers 18.3 GWp of solar power projects.

The company operates across 28 countries, with a presence in India, Southeast Asia, the Middle East, Africa, Europe, Australia and the Americas.

Conclusion

Sterling and Wilson Renewable Energy’s latest ₹985 crore-plus order announcement marks a notable addition to its domestic solar and international energy storage business. The 534.3 MWp Rajasthan project and 616 MWh South African BESS contracts expand its order pipeline and reinforce its presence across renewable energy markets.

Investors can monitor the company’s upcoming execution updates, order inflows, revenue growth, and margin performance to assess how these projects translate into financial results.