Sterling and Wilson Bags Two Solar Projects Well Worth 300 MW in Australia

• Sterling as well as Wilson Solar has gotten orders worth AUD 300 million or Rs 1600 crore for 2 large-scale solar power projects worth 300 MW in Australia.

Sterling and Wilson Solar has actually revealed that it has bagged orders worth AUD 300 million or Rs 1600 crore for two large-scale solar power projects in Australia.

The firm has signed (in addition to its branch and also Australian subsidiary) orders worth AUD 300 million in Australia, a company declaration stated. According to which, the company has nabbed 2 huge range solar projects in the country and also they will have an installed capability of over 300 MW. The brand-new projects have actually been safeguarded from international independent power producer (IPP), the help which is expected to start immediately.

Bikesh Ogra, Director and also Global CEO, Sterling and Wilson Solar said "we are delighted to have actually won 2 major solar projects in Australia. Our complete order publication in Australia currently stands at concerning AUD 1.2 Billion (Rs 6,350 crore) with 5 projects as well as a portfolio of greater than 1.1 GW, making us the largest home-grown solar EPC gamer in the region."

"With the continent's regulative setting coming to be extra helpful in the direction of renewable energy as well as the prevalence of high electrical power toll, the industrial viability of solar projects is enhancing. Our vision for the market is to keep our management placement in the EPC sector and contribute to the country's goal of tidy power," Ogra said.

Sterling and also Wilson Solar, among the leading solar EPC and O&M remedy service providers on the planet, currently has three projects of over 800 MW capability unfinished in the region.

The team has been performing projects globally and also needs to its credit rating more than 10.6 GW of solar power projects appointed and also under various stages of construction in numerous geographies. This portfolio consists of a 1,177 MW solar PV plant in Abu Dhabi, which is the globe's biggest single-site solar plant, the firm mentioned.

The company additionally handles a profile of 7.4 GW of O&M projects worldwide, it included.

In May 2019, the solar vertical of the Shapoorji Pallonji Group had been ranked as the globe's biggest Solar EPC provider by IHSMarkit in its 'Solar EPC as well as O&M Provider Tracker Q1 2019' report.

In July 2020, the board of Sterling and Wilson Solar had asked its business promoters to offer necessary safety and security in respect of default on the lending instalment of Rs 500 crore that was due on June 30.