Sterling and Wilson Solar Ltd (SWSL) has signed orders worth A$300 million (around Rs.1,600 crore) in Australia. The orders, signed along with the company’s branch and Australian subsidiary, involves two large-scale solar projects, with a total installed capacity of over 300 mw, in Australia.
The new projects have been secured from global independent power producers, the work for which is expected to commence immediately.
SWSL already has three projects of over 800 mw under construction in the region.
Bikesh Ogra, Director and Global CEO, Sterling and Wilson Solar Ltd said, “We are delighted to have won two major solar projects in Australia. Our total order book in Australia now stands at about AUD 1.2 billion (~INR 6,350 crore) with five projects and a portfolio of more than 1.1 GW, making us the largest home-grown solar EPC player in the region. With the continent’s regulatory environment becoming more conducive towards renewable energy and the prevalence of high electricity tariff, the commercial viability of solar projects is improving. Our vision for the market is to maintain our leadership position in the EPC segment and contribute to the country’s mission of clean energy.”
With the new wins, the order book of SWSL in Australia stands at five projects aggregating 1,100 mw.
SWSL has been executing projects globally and has to its credit more than 10.6 GW of solar power projects (commissioned and under various stages of construction) in various geographies.
This portfolio includes a 1,177-mw Solar PV plant in Abu Dhabi – the world’s largest single-site solar plant. The company also manages a portfolio of 7.4 GW of O&M projects globally,.
In May this year, SWSL had reported the winning of its largest order in Australia. (Read more.)
Sterling and Wilson Solar Ltd is a global pure-play, end-to-end solar EPC solutions provider, and is part of the Shapoorji Pallonji Group.
1 Australian Dollar (A$ or AUD) = 0.73 US Dollar ($ or USD) = Rs.53.41
Featured photograph is for illustration only
