Sterling and Wilson Renewable Energy
- Company typePublic
- Founded2011
- HeadquartersMumbai, India
- Headcount1,001–5,000
- GTM typeB2B
- OfferingServices
Sterling and Wilson Renewable Energy firmographics
Firmographics- Name
- Sterling and Wilson Renewable Energy
- Legal name
- Sterling and Wilson Renewable Energy Limited
- Website
- https://sterlingandwilsonre.com
- Company type
- Public
- Founded year
- 2011
- Operating status
- Operating
- Headcount range
- 1,001–5,000 employees
- Ownership category
- akta.pro rank
Sterling and Wilson Renewable Energy industry classification
Industry- Product category
- Solar EPC Services
- NAICS
- Solar Electric Power Generation (221114), Electric Power Generation (22111)
- SIC
- Electric Services (4911), Electronic & Other Electrical Equipment (No Computer Equip) (3600)
- akta.pro primary industry
- Utility-Scale PV EPC (Engineering, Procurement & Construction) (EUACAGAB)
- akta.pro secondary industries
- Solar EPC & Construction (Utility-Scale, Rooftop, Balance of System) (EUAMABAB), Solar PV Power Plant EPC (Utility-Scale) (EUAEAAAG), Civil & Site Works EPC (Earthworks, Roads, Drainage, Foundations) (EUAEADAA), Electrical Balance-of-Plant EPC (MV Collection, Cabling, Earthing, Lighting) (EUAEADAB)
Keywords
Where Sterling and Wilson Renewable Energy is headquartered
LocationHeadquarters
- HQ city
- Mumbai
- HQ country
- India
- HQ region
- Asia
Offices8 records
Markets served
Sterling and Wilson Renewable Energy business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Supply Chain, Operations, Technology or R&D, Infrastructure, Marketing or Sales
Revenue model
- Solar EPC (Engineering, Procurement, Construction): One-time project-based revenue from engineering, procurement, and construction of solar power plants. Revenue recognized over project execution period. Represents the primary revenue driver with order book of Rs 11,813 crore and FY26 revenue of Rs 7,548 crore. Includes both full turnkey EPC and Balance of System (BoS) contracts.
- Operations & Maintenance (O&M): Recurring revenue from long-term O&M contracts for solar power plants. The company manages 13.5 GWp O&M portfolio, providing yield optimization, performance enhancement, maintenance management, warranty administration, and long-term asset management services over 2-25 year contract periods.
- Hybrid & Energy Storage Solutions: Revenue from standalone BESS projects and hybrid solutions combining Solar PV with battery storage and/or diesel generators. The company diversified into battery storage with 790 MWh BESS project in Rajasthan and 1,000 MWh battery energy storage project win, targeting ~20% of future orders from this segment.
Go-to-market motion1 record
Distribution channels3 records
Marketing channels5 records
Sterling and Wilson Renewable Energy product offering
Product offeringCore offering
Sterling and Wilson Renewable Energy provides turnkey Engineering, Procurement, and Construction (EPC) solutions for utility-scale solar PV projects, floating solar installations, hybrid and battery energy storage systems, and long-term operations and maintenance (O&M) services. The company executes full-scope solar power plant delivery from design, engineering, procurement, and construction to commissioning, grid connection, and ongoing asset management across more than 28 countries.
Product overview
Sterling and Wilson Renewable Energy is a leading global solar EPC (Engineering, Procurement, and Construction) provider offering a comprehensive portfolio of renewable energy solutions. The company's core offerings include Utility-Scale Solar EPC for large-scale solar farms, Floating Solar for water-based installations, Hybrid & Energy Storage combining solar with battery systems and diesel, Solar Operation and Maintenance services with advanced monitoring and module testing capabilities, and Solar Rooftop solutions for distributed installations. The portfolio is unified around the company's EPC expertise spanning project development, construction, and long-term asset management across 28 countries with over 21.7 GWp of delivered projects.
Differentiator
Problem solved
Functional benefit
Quantifiable outcome
- Reduced diesel consumption by 2 million liters per annum at Nampala Gold Mines through hybrid solar-BESS solution
- +4 more outcomes
Companies that use Sterling and Wilson Renewable Energy
Customer profileNamed customers6 records
Segments5 records
Ideal customer profiles5 records
Sterling and Wilson Renewable Energy technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature7 records
Sterling and Wilson Renewable Energy partnerships and signals
Strategic signalPartnerships
Five partnerships are on record, tiered core.
- Infinity PowercoreInfinity Power signed EPC agreements for 773.6 MWp solar projects in South Africa (Highveld Solar 285.6 MWp and Negwedi solar cluster 488 MWp). Sterling and Wilson Renewable Energy and PowerChina Guizada Engineering contracted to build the respective projects, expected to power 450,000+ households and avoid 1.8 million tonnes CO2 annually.
- PowerChina Guizada EngineeringcoreJoint EPC contracting with PowerChina Guizada Engineering for separate solar project within Infinity Power's South Africa portfolio. Supports delivery of 773.6 MWp combined capacity across two locations.
- NTPC Renewable Energy LimitedcoreWon Rs 1,535 crore EPC order from NTPC REL for 300 MWac solar project at Khavda RE Power Park in Gujarat, including 3-year O&M. Third order from NTPC REL in over a year. Company also secured 1,182 MWdc turnkey project from Coal India and 50 MWdc balance of system order from leading Indian IPP.
- Adani Green Energy Limitedcore5-year strategic partnership with Adani Green Energy for Balance of System orders. First purchase order valued at Rs 1,381 crore for Gujarat solar projects. Framework agreement enables continued collaboration on solar EPC projects. SWREL also mentioned as external EPC contractor for Adani Green alongside L&T, Bondada Engineering, KPI Green Energy, and Amara Raja Infra.
- Sterling and Wilson Engineering (Pty) LtdcoreStep-down subsidiary in South Africa implementing four Solar PV projects including 240 MW solar project under USD 147 million EPC contract. Company issued USD 31-34 million parent company guarantees to ABSA Bank and Nedbank for working capital facilities supporting South Africa projects.
Scale indicators11 records
Recent moves7 records
Expansion highlights6 records
Sterling and Wilson Renewable Energy competitors and assessment
Company assessmentDirect peers
- Tata Power Solar Systems: Subsidiary of Tata Power, one of India's largest solar EPC providers with significant utility-scale and rooftop solar project execution. Directly comparable to SWREL in Indian utility-scale solar EPC market and customer base of government utilities and IPPs.
- Waaree Energies: India's largest solar PV module manufacturer with growing EPC and IPP business. Competes with SWREL in utility-scale solar EPC and rooftop solar segments, targeting similar government utility and developer customers.
- Vikram Solar: Indian solar PV manufacturer and EPC contractor with utility-scale and rooftop solar capabilities. Directly competes with SWREL in Indian solar EPC market and has overlap in customer segments including government utilities and private developers.
- Azure Power: India-focused solar IPP with operational portfolio across multiple states. Comparable to SWREL in utility-scale solar project execution and relationships with NTPC and government offtakers, though Azure is asset owner rather than EPC contractor.
- Jakson Group: Indian diversified EPC company with strong solar EPC and DG-solar hybrid capabilities. Directly competes with SWREL in utility-scale solar EPC, hybrid solutions, and O&M services across Indian government and private developer segments.
Broad incumbents
- Adani Green Energy: India's largest renewable energy IPP with 10+ GW operational capacity. While primarily an asset owner and developer, AGEL also undertakes internal EPC and uses SWREL alongside other contractors (L&T, Bondada, KPI Green) as external EPC partner. Comparable in solar utility-scale project scale and Indian market presence.
- Larsen & Toubro (L&T): India's largest diversified engineering and construction conglomerate with a significant solar EPC business. Competes with SWREL for major utility-scale solar tenders (including Adani Green contracts) and can leverage cross-segment EPC capabilities to compete on price.
- First Solar: Global solar PV manufacturer and utility-scale project developer with EPC and O&M capabilities. Comparable to SWREL in global utility-scale solar EPC execution and large international project portfolio, particularly in Middle East and emerging markets.
- Enel Green Power: Global renewable energy developer and IPP with utility-scale solar and wind operations across 30+ countries. Comparable to SWREL in global renewable energy footprint and developer capabilities, though Enel operates more as asset owner than EPC contractor.
Emerging players
- Bondada Engineering: Emerging Indian solar EPC contractor that has secured major orders from Adani Green Energy and other developers. Represents the new wave of competitive EPC entrants pressuring SWREL's market position in utility-scale solar tenders.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat6 records
Key risks7 records
Key highlights7 records
Customer concentration
Sterling and Wilson Renewable Energy social profiles
Digital presenceSterling and Wilson Renewable Energy compliance and trust
Trust signalCompliance3 records
Sterling and Wilson Renewable Energy financial estimates
Financial estimateRevenue estimate
Valuation estimate
Sterling and Wilson Renewable Energy leadership team
Management profileNumber of profiles
Profiles12 records
Sterling and Wilson Renewable Energy subsidiaries and ownership
Company hierarchySubsidiaries2 records
Sterling and Wilson Renewable Energy funding detail
Funding detailFunding overview
Funding rounds3 records
Investors3 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Sterling and Wilson Renewable Energy M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Sterling and Wilson Renewable Energy
What does Sterling and Wilson Renewable Energy do?
Sterling and Wilson Renewable Energy provides turnkey Engineering, Procurement, and Construction (EPC) solutions for utility-scale solar PV projects, floating solar installations, hybrid and battery energy storage systems, and long-term operations and maintenance (O&M) services. The company executes full-scope solar power plant delivery from design, engineering, procurement, and construction to commissioning, grid connection, and ongoing asset management across more than 28 countries.
Is Sterling and Wilson Renewable Energy a public or private company?
Sterling and Wilson Renewable Energy is a public company. It is classified as public and is currently operating.
When was Sterling and Wilson Renewable Energy founded?
Sterling and Wilson Renewable Energy was founded in 2011. It employs 1,001 to 5,000 people.
Where is Sterling and Wilson Renewable Energy based?
Sterling and Wilson Renewable Energy is headquartered in Mumbai, India, in the Asia region.
How does Sterling and Wilson Renewable Energy make money?
Three revenue lines are on record. Solar EPC (Engineering, Procurement, Construction) is the primary driver. The others are operations & Maintenance (O&M) and hybrid & Energy Storage Solutions.
Who are Sterling and Wilson Renewable Energy's main competitors?
Direct peers on record are Tata Power Solar Systems, Waaree Energies, Vikram Solar, Azure Power and Jakson Group. Broad incumbents are Adani Green Energy, Larsen & Toubro (L&T), First Solar and Enel Green Power. Bondada Engineering is listed as an emerging player.
Does Sterling and Wilson Renewable Energy have an API?
No public API is recorded for Sterling and Wilson Renewable Energy.
What industry is Sterling and Wilson Renewable Energy in?
Sterling and Wilson Renewable Energy's product category is Solar EPC Services. Its primary akta.pro industry code is EUACAGAB, Utility-Scale PV EPC (Engineering, Procurement & Construction), with a secondary code of EUAMABAB, Solar EPC & Construction (Utility-Scale, Rooftop, Balance of System). Its NAICS code is 221114 and its SIC code is 4911.