Sterling and Wilson Solar Wind Renewable Company of the Year at MEED 2019

Sterling and Wilson Solar has been awarded the prestigious ‘Renewable Company of the Year’ in the GCC Region at the recently held MEED Awards 2019.

Sterling and Wilson Solar, the world’s largest solar EPC solutions provider as per IHS Markit has been awarded the prestigious ‘Renewable Company of the Year’ in the Gulf Cooperation Council (GCC) Region at the recently held MEED Awards 2019.

In 2018, the company won the ‘Specialist Contractor of the Year’ award at the same event. The Award aims to recognise business excellence among organizations contributing to the diversification of the non-oil sector in the GCC market.

Bikesh Ogra, director and global CEO, Sterling and Wilson Solar said, “we are delighted to be recognised by MEED for the second year in a row. This award is particularly noteworthy given our own efforts towards driving change in the renewable energy space which supports the GCC government’s vision of a clean and sustainable energy future. We will continue to deliver best-in-class services while ensuring sustainability in all aspects of our business.”

The 2019 edition of MEED awards focused on acknowledging companies for their contributions towards the development of people, sector diversification, the advancement of society and sustainability. More than 250 nominations from organizations and individuals were submitted to the awards this year for consideration in 16 categories.

The company has been executing projects globally and has to its credit 8.8 GW of solar power projects in various geographies (commissioned and under construction), which includes 2.8 GW in the Middle East market. SWSL had a global market share of 4.6 percent in the year 2018 (which is double the size of the 2nd largest company globally). It was also the largest solar EPC solutions provider in Africa and the Middle East with a market share of 36.6 percent and 40.4 percent respectively. Present in 25 countries today, Sterling and Wilson Solar has operations in Asia, the Middle East, Africa, Europe, the Americas and Australia.

Earlier this month, the firm had reported a 36 percent rise in consolidated net profit at Rs 79.40 crore for the second quarter of this fiscal. The Shapoorji Pallonji Group firm had reported a consolidated net profit of Rs 58.36 crore in the September quarter of the previous fiscal.