India’s Sterling and Wilson Solar (SWSL) along with its Australian subsidiary and branch has secured an engineering, procurement and construction (EPC) contract.
Valued at A$525m ($338m), the contract is the largest order for the company in Australia.
Go deeper with GlobalData
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
Additionally, the company has been awarded an A$85m operation and maintenance (O&M) contract for a maximum period of 20 years.
Sterling and Wilson renewable energy director and global CEO Bikesh Ogra said: “This is our largest order in Australia and is a culmination of efforts to break new ground in countries like Australia, the US and South America, where SWSL has invested in a strong team that is completely aligned with the local requirements.
“ The renewable sector plays a vital role in the world’s journey towards clean energy and as a home-grown company, we are continuously working together with several stakeholders in supporting this vision. India continues to be a steady and focused market for SWSL.
“Along with our exponential growth in the international market over the past decade, we continue to remain a dominant player in the domestic market as well.”
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalDataWith these contracts, SWSL has further established its presence in the Australian renewable energy market.
The company noted that during this pandemic it has also signed two projects in India with global IPPs.
In November 2017, SWSL revealed plans to develop 500MW of new photovoltaic (PV) solar power plants in Australia over the next three years.
