Mumbai, July 3 -- Sterling and Wilson Renewable Energy, in a joint venture with Hassan Allam Construction, has secured a letter of award for the West Minya solar power project in Egypt, leading to a stock rise as the company gained 1.99 per cent to Rs 249.50. The contract covers construction of a large scale solar facility and is valued at approximately $560 million (mn). The award marks a significant international order for the joint venture.
The project comprises a 1,000 megawatt alternating current (MWac) solar photovoltaic plant integrated with a 600 megawatt hour (MWh) battery energy storage system (BESS), where megawatt (MW) and megawatt hour (MWh) denote generation and storage capacities respectively. The joint venture will undertake full engineering, procurement and construction including photovoltaic generation facilities, battery energy storage infrastructure, grid interconnection works and transmission facilities. The scope also covers balance of plant and supporting systems required for delivery of the project.
The joint venture will manage procurement, civil works, installation and testing and will coordinate grid tie works and commissioning. Sterling and Wilson Renewable Energy described the order as supporting regional decarbonisation and strengthening energy security across the MENA region, and said it would deliver within stipulated timelines while maintaining safety and quality. The company added this was its third gigawatt scale order in nine months and demonstrated continued customer confidence in projects involving complex technologies.
Sterling and Wilson Renewable Energy is a global pure-play end-to-end renewable engineering, procurement and construction solutions provider for utility scale solar, floating solar and hybrid energy storage projects. The company reported consolidated net profit rose 142.99 per cent to Rs 1,345.7 mn in the fourth quarter of fiscal year 2026 from Rs 553.8 mn a year earlier, while revenue from operations fell 22.77 per cent to Rs 19,456.1 mn. The order should strengthen the company's international portfolio and its ability to deliver large scale solar projects.
Published by HT Digital Content Services with permission from Construction World.