India's Sterling and Wilson to build 500 MW of Aussie solar parks in 3 years

A Sterling and Wilson solar park. (Photo: Business Wire)

November 3 (Renewables Now) - Indian EPC contractor Sterling and Wilson announced today it plans to build 500 MW of solar power stations in Australia in the coming three years.

The company said in a statement it expects these projects to attract an investment of about AUD 600 million (USD 459m/EUR 395m) and create over 750 jobs during the construction process.

Sterling and Wilson noted it has recently opened an office in Brisbane specifically to serve the solar market in the country.

“Australia is witnessing a solar boom, as the country has had a phenomenal year with respect to large scale solar projects. The solar industry has also seen a sharp decline in costs, and is seen as a pivotal force to help the country achieve its renewable energy targets by 2020,” said Bikesh Ogra, CEO – Renewable Energy, Sterling and Wilson.

(AUD 1.0 = USD 0.764/EUR 0.658)

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Ivan is the mergers and acquisitions expert in Renewables Now with a passion for big deals and ambitious capacity plans.

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