The 90K Stimulus Impact. Will Indian Solar Asset Sales Slow Down? Updated On Thu, May 14th, 2020 by Saurenergy It is no secret that many developers were forced to sell off their renewable energy assets in the recent past to meet their liquidity requirements. From selling by the Shapoorji Pallonji group, which owns leading EPC developer Sterling and Wilson, to reports of Renew Power being in talks, there have been a string of deals […] Read more
Shapoorji Pallonji Inks Pact with KKR to Sell 5 Solar Assets for about $204 Mn Updated On Mon, Apr 27th, 2020 by Saurenergy Shapoorji Pallonji Group’s infrastructure development arm, Shapoorji Pallonji Infrastructure Capital (SP Infra) has entered into the definitive sale agreements with KKR, a global investment firm, for its 5 operational solar energy plants with a capacity of 317 MWp in consideration of about Rs 15,540 million (~ USD 204 million). The development came after months of […] Read more
Ind-Ra Withdraws Sterling & Wilson Solar’s CP Ratings on Request Updated On Sat, Apr 11th, 2020 by Saurenergy Credit rating agency India Ratings and Research (Ind-Ra) has withdrawn its rating assigned to Sterling & Wilson Solar (SWSL), a Shapoorji Pallonji Group company, on the Rs 300 crore Commercial Paper (CP) programme. The company said that “on its request, India Ratings & Research has withdrawn the ratings assigned on the Rs 300 crore Commercial […] Read more
S&W Solar Continues Repairwork On Reputation Updated On Wed, Apr 1st, 2020 by Saurenergy Sterling and Wilson Solar, which has been through the proverbial ‘series of unfortunate incidents’ ever since its IPO, continues to build back its reputation, slowly. The firm, whose IPO price of Rs 780 back in August 2019 is now a distant memory for investors who have lost heavily, with the price down almost 90 percent […] Read more
Will CoronaVirus Prove To Be The Force Majeure Of 2020 for Indian solar? Updated On Sat, Feb 15th, 2020 by Saurenergy India’s renewable, and especially the solar sector, has had a tough time since 2018. In 2018, it was the Goods and Services Tax (GST) which upended calculations of bid winners, especially those who signed their PPA’s just before the GST came in. If that wasn’t enough, it was followed by the Safeguard Duty, which muddied […] Read more
Q3 results. Sterling and Wilson Continues To Answer More Questions Updated On Thu, Feb 13th, 2020 by Saurenergy With the fracas over repayment of loans to promoters barely dying down, Sterling and Wilson’s rocky start to its relationship with the markets was supposed to become steadier. Instead, the firm found itself preparing for a barrage of questions, after underwhelming results. Readers might recall the punishment the firm’s stock price took, when it was […] Read more
As Cancellations Surge, India’s Solar ‘Pipeline’ Drying Up Updated On Thu, Jan 30th, 2020 by Saurenergy News from the much celebrated 2 GW auction of NTPC in 2018, where top developers had bid for prices as low as Rs 2.59 is not good. 70 percent of the capacity won by developers, namely, Acme Solar, Shapoorji Pallonji, and Azure Power, have opted out of the deal, citing regulatory delays. The option of […] Read more
The Solar Rush in the Middle East Picks Pace Updated On Thu, Jan 16th, 2020 by Saurenergy Back in 2013, when the Mohammed bin Rashid Al Maktoum Solar Park, was launched near Dubai with 13 megawatts of capacity, like in most projects in the region, the ambitions were grand. In 15 years, it was expected to expand to 3,000 MW, with a target to supply the Dubai Electricity and Water Authority (DEWA) […] Read more
Sterling and Wilson Loses The Perception Battle Updated On Mon, Nov 18th, 2019 by Saurenergy As India has emerged to become the world’s third-largest solar market, it was but natural to expect firms based on the country to make a name in EPC work too. Sterling and Wilson did just that, and more. Riding on the boom in Indian solar and the strong group background in the construction sector, the […] Read more
