Sterling and Wilson Solar Limited wins orders worth AUD 300 million (~INR 1,600 crore) in Australia

Mumbai: Sterling and Wilson Solar Limited (BSE Scrip Code: 542760; NSE Symbol: SWSOLAR) today announced that it has signed (along with its branch and Australian subsidiary) orders worth AUD 300 million (~INR 1,600 crore) in Australia. The Company said it has bagged two large scale solar projects in the country which will have an installed capacity of over 300 MW.

The new projects have been secured from global independent power producer (IPPs), the work for which is expected to commence immediately. Sterling and Wilson Solar Limited, one of the leading solar EPC and O&M players in the world, already has three projects of over 800 MW under construction in the region.

Mr. Bikesh Ogra – Director and Global CEO, Sterling and Wilson Solar Limited 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 (~INR 6,350 crore) with 5 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.”

Sterling and Wilson Solar Limited 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 – the world’s largest single-site solar plant. The Company also manages a portfolio of 7.4 GW of O&M projects globally, a testament to its best-in-class services.