Sterling and Wilson Bags Two Solar Projects Worth 300 MW in Australia

Sterling and Wilson Solar has bagged orders worth AUD 300 million or Rs 1600 crore for two large-scale solar power projects worth 300 MW in Australia.

Sterling and Wilson Solar has announced that it has bagged orders worth AUD 300 million or Rs 1600 crore for two large-scale solar power projects in Australia.

The firm has signed (along with its branch and Australian subsidiary) orders worth AUD 300 million in Australia, a company statement said. According to which, the firm has bagged two large scale solar projects in the country and they will have an installed capacity of over 300 MW. The new projects have been secured from global independent power producer (IPP), the work for which is expected to commence immediately.

Bikesh Ogra, Director and Global CEO, Sterling and Wilson Solar said “we are delighted to have won two major solar projects in Australia. Our total order book in Australia now stands at about AUD 1.2 Billion (Rs 6,350 crore) with five projects and a portfolio of more than 1.1 GW, making us the largest home-grown solar EPC player in the region.”

“With the continent’s regulatory environment becoming more conducive towards renewable energy and the prevalence of high electricity tariff, the commercial viability of solar projects is improving. Our vision for the market is to maintain our leadership position in the EPC segment and contribute to the country’s mission of clean energy,” Ogra said.

Sterling and Wilson Solar, one of the leading solar EPC and O&M solution providers in the world, already has three projects of over 800 MW capacity under construction in the region.

The team has been executing projects globally and has to its credit more than 10.6 GW of solar power projects commissioned and under various stages of construction in various geographies. This portfolio includes a 1,177 MW solar PV plant in Abu Dhabi, which is the world’s largest single-site solar plant, the firm stated.

The company also manages a portfolio of 7.4 GW of O&M projects globally, it added.

In May 2019, the solar vertical of the Shapoorji Pallonji Group had been ranked as the world’s largest Solar EPC service provider by IHSMarkit in its ‘Solar EPC and O&M Provider Tracker Q1 2019’ report.

In July 2020, the board of Sterling and Wilson Solar had asked its company promoters to provide necessary security in respect of default on the loan instalment of Rs 500 crore that was due on June 30.