SWSL is granted $338m EPC agreement in Australia
- India's Sterling and Wilson Solar (SWSL) together with its Australian subsidiary and also branch has actually safeguarded a design, building and construction and also purchase (EPC) agreement.
Valued at A$ 525m ($ 338m), the agreement is the biggest order for the business in Australia.
In addition, the business has actually been granted an A$ 85m procedure as well as upkeep (O&M) contract for an optimal duration of 20 years.
Sterling and also Wilson renewable resource supervisor as well as international CEO Bikesh Ogra claimed: "This is our biggest order in Australia as well as is an end result of initiatives to damage brand-new ground in nations like Australia, the United States and also South America, where SWSL has actually bought a solid group that is totally straightened with the neighborhood needs.
" The sustainable market plays an essential duty on the planet's trip in the direction of tidy power and also as a home-grown firm, we are constantly collaborating with a number of stakeholders in sustaining this vision. India remains to be a consistent as well as concentrated market for SWSL.
" Along with our rapid development in the global market over the past years, we remain to stay a leading gamer in the residential market too."
With these agreements, SWSL has actually even more developed its visibility in the Australian renewable resource market.
The firm kept in mind that throughout this pandemic it has actually additionally authorized 2 projects in India with worldwide IPPs.
In November 2017, SWSL disclosed strategies to create 500MW of brand-new photovoltaic (PV) solar energy plants in Australia over the following 3 years.
