Sterling and Wilson Solar wins its fifth project in Latin America
- September 18, 2020
Sterling and Wilson Solar Ltd (SWSL) has signed an order worth $62.6 million (Rs.462 crore) in Chile, the company said in a release. This is the company’s fifth project in Latin America.
The company’s total physical order book (completed plus under-construction projects) in Latin America grows to 788 mw.
The order, quantitatively amounting to 106.71 mw, has been received from a global independent power producer (IPP). Work is expected to begin in Q4 of FY21.
SWSL already has a strong presence in the region with one project of 93.3 mw in Argentina and three projects of 588 mw under construction in Chile.
Speaking on the project win, Bikesh Ogra – Director and Global CEO, Sterling and Wilson Solar Ltd said, “We are excited to win our fifth project in Latin America. Our continuous focus in the market has reaped rich benefits with these prestigious project wins. We have established ourselves in Latin America with a cumulative order book of around $488 million, making us amongst the leading players in the region.
Commenting on the Chilean market, Ogra observed, “Chile is one of Latin America’s fastest-growing economies in recent decades thanks to its solid macroeconomic framework. This coupled with a global race to energy transition enables increasing participation of foreign companies in the Chilean renewable energy market making it one of the key focus regions for us.”
Chile is one of Latin America’s fastest-growing economies in recent decades thanks to its solid macroeconomic framework, notes Bikesh Ogra, Director & Global CEO, SWSL.
Globally, SWSL has to its credit more than 10.5 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 7.8 GW of O&M projects globally.
Featured photograph, for illustration only, shows a solar project in Oman built by Sterling and Wilson Solar Ltd.
