Sterling and Wilson Solar Limited signed two large scale solar projects orders worth AUD 300 million (~INR 1,600 crore) in Australia, with an installed capacity of over 300 MW. The new projects have been secured from global independent power producer (IPPs), the work is expected to commence immediately.
Bikesh Ogra, Director and Global CEO, Sterling and Wilson Solar Limited said: “We are delighted to have won two major solar projects in Australia. Our total order book in Australia now stands at about AUD 1.2 Billion (~INR 6,350 crore) with 5 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.”