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sterling: Sterling & Wilson, partner bag $2.2B order in Nigeria


Sterling and Wilson Solar Solutions, Inc (SWSS), the US step down subsidiary of Sterling and Wilson Renewable Energy along with its US-based consortium partner Sun Africa, has bagged a $2.2 billion deal with Nigeria’s ministry of power, according to the minister of power, Bayo Adelabu.

SWRE is a renewable engineering, procurement and construction (EPC) solutions provider. Reliance Industries’ new energy arm, Reliance New Energy Ltd holds a 40% stake in Sterling Wilson Renewable Energy (SWRE).

In a post on X, formerly Twitter, Bayo Adelabu announced that the deal will provide Nigeria with 961 MWp (megawatt peak) of solar power and 455 MWh (megawatt hours) of battery storage.

“Sun Africa has committed to delivering 961 MWp of solar PV generation infrastructure and 455 MWh of battery energy storage systems, totaling $2.2 billion. Collaborating with Sterling & Wilson Renewable Energy Limited as our EPC partner is pivotal, ensuring successful execution of the project’s initial phase,” Bayo Adelabu said in his post on 19 November.

Shares of SWRE gained 5%, hitting upper circuit on Wednesday. The shares ended at ₹314.80. Benchmark Sensex ended 0.14% higher.

The company did not respond to ET’s queries till the time of publication. According to Adelabu, the move will address Nigeria’s increasing power demand, supporting economic and energy sustainability objectives.Financing partners like ING Bank and Citi, backed by US-EXIM Bank, will actively support this venture, committing up to $10 billion over the years, Adelabu said.

In September 2022, Sterling and Wilson Renewable Energy Limited had announced that it had signed a Memorandum of Understanding (MOU) with the Government of the Federal Republic of Nigeria, along with its consortium partner Sun Africa for the said deal.

SWRE, part of the Sterling and Wilson Group, entered the African market in 2015 with its first international project of 90 MWp in De Aar, South Africa. The company is one of the largest solar EPC players in the region with a strong portfolio of over 1 GWp spread across seven countries.


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