New 240 MW project lifts FY order inflows to about Rs 5,088 crore as South Africa emerges as a key overseas market for the company

Sterling and Wilson Renewable Energy (SWREL) has secured a solar engineering, procurement and construction (EPC) contract worth Rs 1,313 crore in South Africa, further deepening its presence in one of its most important international markets.

The order is for a 240 MW (AC) solar photovoltaic project and has been awarded as a turnkey EPC mandate, under which SWREL will be responsible for delivering the plant from design to commissioning.

This is the company’s second international project win in South Africa in the current financial year. With the latest contract, total order inflows for the year to date have risen to about Rs 5,088 crore, indicating a firm revival in its project pipeline.

SWREL is now executing four turnkey solar PV projects in South Africa in partnership with what it described as reputed developers. The company sees the country as a strategic market, where rising demand for solar energy is being driven by concerns over energy security, the search for lower-cost power and the need to stabilise a strained grid.

The fresh award strengthens Sterling and Wilson Renewable Energy’s overseas portfolio at a time when Indian EPC players are increasingly looking to tap opportunities in emerging markets that are accelerating their clean energy build-out.