~ Received LOA for a 1,000 MWac
capacity Solar PV project integrated with a 600 MWh Battery Energy Storage
System totaling ~USD 560 million
~ Order marks the third GW scale order
received by the company in the last 9 months
Mumbai: Sterling and
Wilson Renewable Energy Limited (SWREL) (BSE Scrip Code: 542760; NSE Symbol:
SWSOLAR), a globally renowned renewable EPC company announced that the company, in a
50-50 joint venture with Hassan Allam Construction - one of the leading
contractors in Egypt and the MENA region, has secured an order today, valued at
approximately USD 560 million for West Minya Solar Power Project in Minya
Governorate, Egypt.
Once complete,
this 1,000 MWac
capacity Solar PV project integrated with a 600 MWh Battery Energy Storage
System (BESS) will become one of Egypt’s largest utility-scale renewable energy
developments.
The joint venture
will be responsible for the full engineering, procurement, and construction of
the solar power plant, including the installation of photovoltaic generation
facilities, battery energy storage infrastructure, grid interconnection works,
transmission facilities, and all associated balance-of-plant and supporting
systems required for project delivery.
Speaking on the
order win, Mr. Chandra Kishore Thakur, Global CEO, Sterling and Wilson
Renewable Energy Group said, "We are proud to support Egypt’s
decarbonisation journey and contribute to strengthening energy security across
the wider MENA region through this landmark project. As one of the world’s
leading solar EPC companies, we bring deep expertise and proven execution
capabilities that will help unlock the region’s vast renewable energy
potential. Our company remains committed to delivering the project within the
stipulated timeline while upholding the highest standards of safety, quality,
and operational excellence."
“This third GW
scale order received in a span of 9 months reflects the increasing size of PV
projects, and continued trust and confidence that customers place in the
company’s capabilities to deliver large-scale solar projects, including those
involving complex technologies such as Battery Energy Storage Systems”.