Sterling and Wilson Solar Takes Top Spot as Global Solar EPC Service Provider

The company was also ranked as the largest Solar EPC solutions provider in India with a market share of 16.6%, 3 times the size of its closest competitor.

Sterling and Wilson Solar Limited, a subsidiary of the Shapoorji Pallonji group, has been ranked as the world’s largest Solar EPC service provider by IHSMarkit in its recently announced Solar EPC and O&M Provider Tracker Q1 2019 report.

The ranking is based on the annual installations of utility-scale PV systems of more than 5 MW in the year 2018. As the largest global Solar EPC solutions provider, Sterling and Wilson Solar had a global market share of 4.6% in the year 2018 – a number more than double that of the 2nd largest company globally – according to IHS Markit. The company was also ranked as the largest Solar EPC solutions provider in India with a market share of 16.6%, 3 times the size of its closest competitor.

Declining costs, advancing technology trends and favourable regulatory environments across the world are some of the factors driving the growth of solar energy globally. Having built more than 6 GW of solar plants across the globe, Sterling and Wilson Solar’s recognition as the world’s largest solar EPC provider is a significant milestone in its trajectory.

At present, the company boasts of 6062.83 MW of solar EPC projects as part of its portfolio in different stages of implementation (commissioned and contracted). Its global portfolio also includes a 1,177 MW single location Solar PV plant in Abu Dhabi – one of the world’ s largest such solar PV plants.

Present in 26 countries, the firm has operations in India, South East Asia, the Middle East, Africa, Europe, the Americas and Australia. The company has been strategically focusing on markets that have conducive solar power policies and investing resources in geographies that have long-term solar opportunities in utility-scale solar power projects and rooftop solar projects.

In the year 2018, according to the report, the company was also the largest solar EPC solutions provider in Africa and the Middle East with a market share of 36.6% and 40.4% respectively.