Sterling And Wilson Bag AUD 300 Million Solar EPC Contract

Sterling And Wilson Bag AUD 300 Million Solar EPC Contract For Over 300 MW Project Capacity In Australia
10:54 PM (Beijing Time) - 11. September 2020

Key Takeaways

  • Sterling and Wilson Solar has announced more project orders in Australia with a total value of AUD 300 million
  • Unidentified global IPPs have tasked the company with starting work on the 2 large scale projects with 300 MW cumulative capacity immediately
  • Together all the 5 projects the company has secured in Australia represent over 1.1 GW capacity

India headquartered global solar engineering, procurement and construction (EPC) brand Sterling and Wilson Solar Limited (SWSOLAR) has won 2 more solar power projects in Australia with a total order value of AUD 300 million. It did not disclose the developers for the 2 large scale projects or their location, but said the cumulative capacity added up to 300 MW.

It refers to the clients as global independent power producers (IPP) and will start work on the projects immediately. Management said the company’s current order book in Australia now exceeds 1.1 GW representing around AUD 1.2 billion ($874 million) investment spread in the form of 5 projects. Of these, 3 projects of over 800 MW are already under construction.

In May 2020 the company landed its largest EPC and 20-year O&M contract in Australia worth AUD 525 million, again for which the client wasn’t named.

“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,” said Director and Global CEO of SWSOLAR, Bikesh Ogra. “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.”

In a Bombay Stock Exchange (BSE) filing, the company shared its commissioned and under construction project pipeline globally stands at more than 10.6 GW, and that it also manages a portfolio of 7.4 GW of operations and maintenance (O&M) projects globally.

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