Sterling and Wilson Renewable Energy Ltd (SWREL) has added another major international win to its portfolio, landing a 240 MW AC turnkey solar EPC project in South Africa valued at USD 147 million (~₹1,313 crore).
This marks the company’s second South African order this fiscal, further strengthening its presence in one of the fastest-growing solar markets globally.
Key Highlights
- LOA received for a 240 MW AC Solar PV turnkey project
- SWREL now managing four Solar PV projects across four developers in South Africa
- Total EPC order inflows for FY26 cross ₹5,088 crore
Growing Presence in South Africa
SWREL is now executing four solar EPC projects in South Africa.
The two projects awarded last fiscal have progressed well and helped the company build a strong operational track record in the region. The two most recent wins underline the company’s rising visibility and competitiveness in the South African renewable energy sector.
The South African Solar PV market continues to expand rapidly, driven by:
- Corporate push for energy security
- Falling renewable energy costs
- Need for grid stability
Management Commentary
Mr. Chandra Kishore Thakur, Global CEO of SWREL, said:
“We are thrilled to secure our second order from South Africa this fiscal. With four PV projects currently under implementation for four reputed customers, our value proposition is clearly resonating in this market. With this win, our order inflow for the year has crossed ₹5,088 crore, and momentum remains strong.”
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