Sterling and Wilson Renewable Energy Limited (SWREL) has received a major contract for a 1,000 MWhr Battery Energy Storage System (BESS) in Rajasthan, making it India’s largest BESS project to date.

Sterling and Wilson Renewable Energy Limited (SWREL) (BSE Scrip Code: 542760; NSE Symbol: SWSOLAR), a leading home-grown renewable EPC provider, is pleased to announce that it has been awarded a prestigious order for the Engineering, Design, Procurement, and Erection, Testing, and Commissioning of a 500 x 2 (1,000 MWhr) Standalone BESS plant in Rajasthan, India.

This GWhr-scale project is India’s largest battery energy storage (BESS) project to date, as well as one of the few GWhr-scale projects in a single place globally, and it will be completed in 2025.

As of March 2024, India’s entire installed capacity for BESS is only around 219 MWhr. According to the Central Electricity Authority’s (CEA) National Electricity Plan (NEP) 2023, the energy storage capacity required for 2026-27 is anticipated to be 82.37 GWh (47.65 GWh from PSP and 34.72 GWh from BESS). With this purchase, SWREL will have a commanding position in India’s rapidly expanding BESS market.

Furthermore, the company obtained a 20 MW floating solar project in Karnataka from the same client, making it the third project the company is now undertaking in the country.

Speaking on the order win, Amit Jain, Global CEO, of Sterling and Wilson Renewable Energy Group shared, “As we have seen during the course of last 12 to 18 months, there have been multiple tenders, bids, and projects for either standalone Storage or Hybrid (Renewable + Storage) in India, making it a very important step for us as a Company and for the nation to move towards firm dispatchable renewable power. We are proud to be chosen as the preferred EPC partner in this prestigious project, which would be a significant milestone in our Company portfolio and for our Country.  This win depicts our in-house capabilities and knowledge of Energy Storage plus Engineering and Execution and places us with a large advantage in the Solar and Storage Market which is likely to grow tremendously shortly. This also shows our commitment to be more agile and remain ahead of the curve and competition, ensuring our presence as one of the top renewable EPC players in this market.”

For more information, visit: https://sterlingandwilson.com/