Following a Rs 2600-crore EPC order in May, Sterling and Wilson Solar Limited has bagged orders worth Rs 1,600 crore (AUD 300 million) in Australia. The Mumbai-based EPC player, along with its Australian subsidiary, signed the orders for two large-scale solar projects in the country, which will have a cumulative installed capacity of over 300 MW.
Sterling and Wilson Solar, the world’s third largest solar EPC player, already has three projects of over 800 MW under construction in the region, including an EPC contract worth around Rs 2600 crore (AUD 525 million) won in May.
The new projects have been secured from global independent power producer (IPPs), the work for which is expected to commence immediately.
With this order, Sterling and Wilson Solar’s cumulative order book in Australia has swelled to around Rs 6,350 crore (AUD 1.2 billion) in Australia, making it the largest home-grown solar EPC player in the region.
Speaking about the award, Bikesh Ogra, Director and Global CEO, Sterling and Wilson Solar Limited said, “Our total order book in Australia now stands at about AUD 1.2 billion (Rs 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.”
Sterling and Wilson Solar Limited has more than 10.6 GW of solar power projects (commissioned and under various stages of construction) in multiple geographies. This includes a 1,177 MW solar plant in Abu Dhabi—the world’s largest single-site solar plant. The company also manages 7.4 GW of operations and management projects globally.
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