Sterling & Wilson Renewable Energy has appointed William Buck Audit (WA) Pty Ltd as the new auditor for its material subsidiary, Sterling and Wilson Solar Australia Pty Ltd, effective July 01, 2026. This appointment follows the resignation of the previous auditor, Moore Australia Audit (WA), due to a disagreement over audit fees. The change was disclosed to the stock exchanges pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Moore Australia Audit (WA) resigned citing an inability to reach an agreement with management on an appropriate audit fee that reflects the scope, complexity, and professional requirements of the engagement. The firm stated that the decision was made to ensure adequate resources could be applied to the engagement in line with professional obligations and quality requirements. The firm had been associated with the subsidiary since October 22, 2019, and submitted its latest audit report on April 13, 2026.

To fill the vacancy, the subsidiary appointed William Buck Audit (WA) Pty Ltd. The new auditor is described as a well-established and reputed firm with a presence in multiple locations across Australia and New Zealand. The firm offers services in audit, assurance, business advisory, restructuring, and tax services, and has access to more than 480 offices in over 70 countries.

Auditor Change Details

Sterling & Wilson Renewable Energy and its joint venture partner Hassan Allam Construction have secured an order valued at approximately USD 560 million for the West Minya Solar Power Project in Egypt. The project, located in the Minya Governorate, involves the engineering, procurement, and construction of a 1,000 MWac capacity Solar PV plant integrated with a 600 MWh Battery Energy Storage System (BESS). This development represents one of Egypt's largest utility-scale renewable energy projects and underscores the company's expanding footprint in the MENA region.

The joint venture, structured as a 50-50 partnership, will oversee the full scope of work including the installation of photovoltaic generation facilities, battery energy storage infrastructure, grid interconnection works, and transmission facilities. The order marks the third GW-scale project secured by the company in the past nine months, reflecting a trend toward larger PV projects and the integration of complex storage technologies.

Project Details

Chandra Kishore Thakur, Global CEO of Sterling and Wilson Renewable Energy Group, highlighted the strategic importance of the order, stating that the company is proud to support Egypt's decarbonisation journey. He emphasized that the project leverages the company's deep expertise and proven execution capabilities to unlock the region's renewable energy potential. Thakur further noted that the repeat orders at a gigawatt scale demonstrate the trust customers place in the company's ability to deliver complex projects involving technologies like Battery Energy Storage Systems.