Sterling and Wilson Solar Ltd, a leading palyer in solar EPC and O&M space, has expanded its renewable energy offerings.
The Shapoorji Pallonji Group company announced that it would be diversifying into EPC solutions for emerging areas like hybrid-energy power plants, energy storage and waste-to-energy.
Commenting on the diversification rationale, Amit Jain, Global CEO, Sterling and Wilson Solar Group said, “We believe the opportunities in these segments are huge and will allow us to deepen our relationships with customers both in India as well as globally and provide a range of solutions to meet their overall renewable energy requirements.”
“With the increased focus globally on low-carbon energy consumption and the resultant growing demand for green energy solutions, this is a logical extension of our business into the rapidly growing ESG space, thereby becoming a diversified renewables company,” Jain added.
Sterling and Wilson Solar aims to use its project management skills and strong stakeholder relationships to become a global leader in the energy market of the future, the company in the release.
Also read: Sterling And Wilson Solar: Order Inflow Up 72 Per Cent In FY21
Environment-friendly solutions
Hybrid energy consists of solutions involving two or more sources of energy with or without energy storage. A large part of the global market is moving towards micro grids which are based on 100 per cent renewable energy. There is a huge demand for decentralised power plants because not only are they environment-friendly but also economically viable. Also, the waste-to-energy segment is a large and growing market in developed countries.
(Featured photograph, sourced from world-energy.org, is illustrative of a battery-based energy storage project.)