Wedoany.com Report-Dec.7, Sterling and Wilson Renewable Energy Limited (SWREL) has received its largest domestic order this fiscal year from Adani Green Energy for engineering, procurement, and construction (EPC) services on a 1 GW solar project at the Khavda Renewable Energy Park in Gujarat, India.

The order covers a balance of system package for three solar power projects.

The contract, valued at Rs 13,810 million ($154.5 million) excluding taxes, covers the complete balance-of-system package for three solar developments, including material supply and onsite construction services.

In addition, the two companies have signed a five-year strategic framework agreement that positions SWREL as a preferred partner for Adani Green Energy's upcoming renewable energy projects across India.

SWREL is currently executing 6 GW of capacity at Khavda, with 5 GW targeted for completion during fiscal year 2025/26.

Sterling and Wilson Renewable Energy Group global CEO Chandra Kishore Thakur stated: "We are delighted to announce a strategic five-year partnership framework agreement with Adani Green, and also our largest domestic engineering, procurement, and construction (EPC) order this fiscal [year]. This partnership between India's largest RE developer, and one of India's biggest solar EPC players further strengthens our EPC leadership in the fast growing Indian solar market. This order is a testament to the trust our clients place in our engineering excellence, execution capabilities, and ability to deliver large GW projects with a fast turnaround. With this order win, SWREL has now achieved more than Rs 64.5 bn of order inflows this fiscal, and our pipeline continues to remain robust."

SWREL provides comprehensive EPC solutions for utility-scale solar, floating solar, hybrid energy, energy storage, and wind projects. The company's global portfolio exceeds 24.4 GWp of installed and under-construction capacity, while its operation and maintenance services cover 9.1 GWp of solar assets, including third-party installations.

The new contract reinforces SWREL's position as a leading solar EPC contractor in India’s rapidly expanding renewable energy sector.