Sterling and Wilson Renewable Energy Limited’s renewable energy offerings include EPC solutions for Hybrid Energy and Energy Storage. Photo: www.sterlingandwilsonre.com

Sterling and Wilson Renewable Energy Ltd. (SWREL) which is into Engineering, Procurement and Construction (EPC) said it has received Letter of Intent (LoI) for a new order worth ₹1,200 crore in Gujarat.

The company received the order for Design, Engineering, Procurement and Construction of Balance of System (BOS) for 500 MW (AC) Solar PV project on EPC basis.

In addition to EPC with single point responsibility, it will also include comprehensive Operation & Maintenance (O&M) for a period of three years.

Amit Jain, Global CEO, Sterling and Wilson Renewable Energy Group said, “India is one of the world’s largest energy markets and must therefore focus on sustainable options to mitigate climate challenges while strengthening energy security, job creation and economic growth.”

“We therefore remain confident about the future growth of India’s renewable energy sector and our increased role towards supporting it,” he added.