India-based Sterling and Wilson Solar has reportedly secured two orders worth $217m (Rs1.6bn) for solar projects in Australia.
The engineering, procurement and construction (EPC) company signed the contracts via its Australian subsidiary. The supplied projects will have an installed capacity of more than 300MW, and work will begin immediately.
An undisclosed global independent power producer (IPP) issued the contracts.
Sterling and Wilson Solar director & CEO Bikesh Ogra said: “We are delighted to have won two major solar projects in Australia. Our total order book in Australia now stands at about $870m (A$1.2bn) with five projects and a portfolio of more than 1.1GW, 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.
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By GlobalData“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.”
Currently, Sterling and Wilson Solar has three projects with more than 800MW under construction in the region. Worldwide, it manages 7.4GW of solar capacity.
This follows the recent announcement of a 162MW solar development in Queensland, Australia. The project will supply energy to state-owned CS Energy via a power purchase agreement. The state aims to generate half of its energy from renewable sources by 2030.
