Sterling and Wilson Renewable Energy (SWREL) has announced it has won a turnkey engineering, procurement, and construction (EPC) contract for a 240 MW solar project in South Africa, valued at about ₹13.13 billion (~$148.08 million).

This contract is the company’s second international project win from South Africa in the current fiscal year, increasing its international implementation portfolio in the region to four solar projects with four developers.

With this award, the company’s total EPC order inflows for the fiscal year have now exceeded ₹50.88 billion (~$573.72 million).

According to the company, the South African market continues to experience strong growth driven by corporate power demand, declining renewable energy costs, and grid stability requirements, making it an important strategic geography for expansion.

SWREL operates as a renewable EPC company with a total execution portfolio exceeding 22.8 GW globally, including commissioned and under-construction projects. The company also has an operations and maintenance portfolio of around 9.3 GW, covering both its own EPC projects and third-party assets.

The company expanded its portfolio to battery energy storage and wind EPC. It has secured a letter of intent for a battery energy storage system comprising two 250 MW blocks at a single location in Rajasthan.   It is also developing a 69.3 MW wind project combined with 75 MW of solar in Rajasthan.

In October this year, SWREL secured contracts for three solar projects with a total value of ₹17.72 billion (~$201.91 million). The company had been declared the lowest bidder for the EPC of a 363 MW solar project in Rajasthan and a 580 MW solar project in Uttar Pradesh.

In September this year, SWREL received a letter of intent from a private independent power producer for the EPC of the balance-of-system package for a 300 MW solar project in Rajasthan.

Sterling and Wilson reported a revenue jump by 69.8% year-over-year to ₹17.49 billion (~$198.9 million) in the second quarter of the financial year 2026 from ₹10.3 billion (~$117.15 million).