Sterling and Wilson Renewable Energy (SWREL), one of the leaders in renewable energy EPC players has stated that it received a Letter of Intent (LoI) accepting its proposal to take on a project estimated at approximately ₹1,200 crores. The company is under the said contract entitled to give engineering, procurement and construction (EPC) services for a 500 megawatt (MW) alternating current (AC) Solar PV project in the state of Gujarat.
Comprehensive Scope of the Project
The project scope includes EPC on Balance of System (BOS) as well as full scale operation and maintenance for a period of three years ensuring single point responsibility towards the project.
Speaking on the Company’s Achievement in this matter, Amit Jain Global CEO of Sterling and Wilson Group said with great pride. “We are proud to receive this prestigious order, which will support India and especially Gujarat’s transition towards clean energy. It is a matter of immense satisfaction for us that customers continue to repose their trust in our team to be a part of their growth in the domestic renewable market, ”
Jain also mentioned the importance of India in the global energy scenario. “India is one of the world’s largest energy markets and must therefore focus on sustainable options to mitigate climate challenges while strengthening energy security, job creation and economic growth. We therefore remain confident about the future growth of India’s renewable energy sector and our increased role towards supporting it.”
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A Boost for Clean Energy Targets
This latest project further strengthens the leadership position of Sterling and Wilson Renewable Energy in the local renewable energy market and highlights its sustained contribution to the ambitious clean energy goals set for India.