SWREL JV Secures Landmark $560 Million Solar Project in Egypt
SWREL JV has secured a landmark USD 560 million (₹4,670 crore) order for a 1,000 MWac Solar PV project with a 600 MWh Battery Energy Storage System in Egypt. This is the third GW-scale order for the company in nine months.
The project's value of USD 560 million (approximately ₹4,670 crore) is substantial and represents a significant addition to the company's order book, impacting its revenue and market position.
The company has secured a large, significant project in Egypt, which is a positive development for its business growth and market presence.
Sterling and Wilson Renewable Energy Limited (SWREL), in a 50-50 joint venture with Hassan Allam Construction, has secured a significant order valued at approximately USD 560 million (₹4,670 crore) for the West Minya Solar Power Project in Minya Governorate, Egypt. This project will feature a 1,000 MWac capacity Solar PV plant integrated with a 600 MWh Battery Energy Storage System (BESS).
Once completed, this development is poised to become one of Egypt's largest utility-scale renewable energy projects. The joint venture will undertake the full engineering, procurement, and construction (EPC) responsibilities, including the installation of photovoltaic generation facilities, battery energy storage infrastructure, grid interconnection, transmission facilities, and all associated balance-of-plant and supporting systems.
Mr. Chandra Kishore Thakur, Global CEO of Sterling and Wilson Renewable Energy Groups, expressed pride in supporting Egypt's decarbonisation efforts and enhancing energy security in the MENA region. He highlighted the company's extensive expertise and execution capabilities for large-scale solar projects, including complex Battery Energy Storage Systems. This order marks the third GW-scale project secured by the company within the last nine months, underscoring the growing trust and confidence customers place in SWREL's ability to deliver challenging projects.
Sterling and Wilson Renewable Energy Limited is a global EPC solutions provider with a portfolio of over 27.3 GWp across 28 countries. The company also manages an O&M portfolio of 13.5 GWp solar power projects.
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Sterling and Wilson Renewable Energy Limited filed this with the NSE as a statutory disclosure, categorised under new orders. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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See the model portfoliosA plain-language summary of a public exchange filing by Sterling and Wilson Renewable Energy Limited. Read the original for the full detail.