SWSAPL Initiates Arbitration Against Shell over Gangarri Solar Farm Contracts
Sterling and Wilson Solar Australia Pty Ltd (SWSAPL), a subsidiary of Sterling and Wilson Renewable Energy Limited, has commenced arbitration proceedings against Shell New Energies Australia Pty Ltd (Shell). The action was initiated on July 14, 2026, under the London Court of International Arbitration Rules 2020.The dispute involves claims arising from two contracts related to the Gangarri Solar Farm in Queensland, Australia. These contracts relate to both the Engineering, Procurement and Construction (EPC) phase and the Operations and Maintenance of the facility. In both agreements, Shell is identified as the principal party while SWSAPL acts as the contractor.
The financial implications of the arbitration center on the recovery of claims should the proceedings be successful in favor of SWSAPL. The quantum of these claims varies based on the scope of the project, with two distinct scenarios being presented.
A breakdown of the claim amounts, as reported by the parties, is provided below:
| Contract Scenario | Capacity Details | Claim Amount (AUD) | Claim Amount (USD) | Basis |
|---|---|---|---|---|
| Scenario A | Full 120 MW with Harmonic Filters | AUD $28,029,620.50 | USD$1,638,628 | Damages under EPC contract or appropriate sum sought from the Arbitral Tribunal, plus interest and legal costs. |
| Scenario B | Reduced Capacity 95 MW without Harmonic Filters | AUD $20,604,122.57 | USD $1,638,628 | Damages under EPC contract or appropriate sum sought from the Arbitral Tribunal, plus interest and legal costs. |
The arbitration is being conducted by an Arbitral Tribunal to be formed under the LCIA Rules, addressing the contractual disagreements between SWSAPL and Shell concerning the Gangarri Solar Farm projects.
SWSOLAR Stock Price Movement
As of 2:02 PM, shares of Sterling and Wilson Renewable Energy Limited are shedding value in live trading, currently standing at ₹241.39 after slipping by 0.28%. The stock has seen considerable market activity today, with a total traded volume reaching 801,564 shares.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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