Sterling and Wilson hired to build 300 MW of Aussie solar parks
A Sterling and Wilson solar park. (Photo: Business Wire)
A unit of India’s Sterling and Wilson Solar Ltd (BOM:542760), or SWSL, has secured two orders to build over 300 MW of solar photovoltaic (PV) parks in Australia.
The orders were placed by global independent power producers (IPPs), the names of which were not disclosed, and have a combined value totalling AUD 300 million (USD 218.8m/EUR 184.5m). The Indian firms Aussie unit will begin work on the two large-scale projects immediately, it said on Monday.
Including the new deals, Sterling and Wilson’s order book in Australia has expanded to about AUD 1.2 billion, the company’s director and global CEO Bikesh Ogra noted. The contracts cover the construction of five power plants with a capacity of over 1.1 GW. “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,” the CEO said.
Globally, the Indian firm has commissioned or is building over 10.6 GW of PV parks and also has 7.4 GW of assets under management.
Veselina Petrova is one of Renewables Now's most experienced green energy writers. For several years she has been keeping track of game-changing events both large and small projects and across the globe.