Mumbai-based Sterling and Wilson Solar Limited has announced the signing of an order for a 106.71 MW power project in Chile. The $62.6 million (Rs460 crore) order is from an unnamed renewables company.
The solar engineering, procurement and construction (EPC) contractor said its latest Chilean project would be due to begin operation in the first three months of the new year.
Sterling and Wilson, one of the world’s largest solar EPCs, already has a strong presence in the region, with a 93.3 MW project in Argentina and three projects with a total generation capacity of 588 MW under construction in Chile.
Sterling and Wilson global CEO Bikesh Ogra said: “Our continuous focus in the [Latin America] 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 (Rs3,586 crore), making us amongst the leading players in the region. 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 the energy transition, enables increasing participation of foreign companies in the Chilean renewable energy market, making it one of the key focus regions for us.”
Sterling and Wilson said it has more than 10 GW of solar capacity installed or under construction, including the 1,177 MW Noor Abu Dhabi solar project which is the world’s largest single-site PV project. The company also manages 7.8 GW of operations and management projects.
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