FCC

NTPC REL: Sterling & Wilson Renewable Energy bags order

2023-03-22

On Monday, Sterling & Wilson Renewable Energy Ltd (SWRE) announced that it had won the proposal for a project valued $21,000,000,000.

According to the firm, it won the bid for the balance of system (BOS) package, which consists of 4 blocks with a combined capacity of 300 MW(AC), in the NTPC Renewable Energy Ltd.'s proposed 1200 MW Solar PV Project at Khavda RE Power Plant in the Rann of Kutch region of Gujarat.

There are 1500 Megawatts in total (DC). According to the bid, the total price would be 21,000 million (including of taxes), which would include operation and maintenance (O&M) for three years.

Sterling & Wilson Renewable Energy offers EPC services for utility-scale solar, floating solar, hybrid, and energy storage systems and has operations in 25 countries. In addition to maintaining a 6 gw portfolio for operations and maintenance, the corporation has a portfolio of 12.8 gw.

Sterling and Wilson Renewable Energy's third-quarter consolidated net loss was reduced to $991.5 million in the December quarter, primarily because of decreasing spending. According to a regulatory filing, the corporation posted a combined net loss of $4287.8 million during the prior quarter.