 |
Sterling and Wilson, one of the dominant global forces in the solar-PV space, has further strengthened its global presence with the recent announcement of expansion into Australia market.
The company plans to construct 500 MW in the coming three years. These projects would attract an investment of AUD 600 million. The target is expected to reduce carbon emissions by approximately 750,000 tons annually. This would generate an employment for more than 750 personnel during course of project construction.
Sterling and Wilson, actively present in Australia since 2015, has been offering Diesel Generators and Cogeneration solutions through its office in Perth. It has recently opened an office in Brisbane, specifically to cater to the vast potential Solar market in Australia.
Bikesh Ogra, CEO – Renewable Energy, Sterling and Wilson, said, “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. We are definitely excited to be a part of this transformational journey and aid in realising its potential to transition to a future of sustainable and renewable energy. As a truly global solar EPC company with experience across geographies, we not only want to bring our best practices to the industry, but also learn alongside our peers to attain our target of 500 MW’s installations.”
Sterling and Wilson has now grown to be the world’s largest solar EPC player outside USA and China. It has to its credit more than 1930 MW of best performing solar power plants in various geographies including India, Philippines and South Africa. Currently it is constructing 1177 MW Solar PV plant in Abu Dhabi, the world’s Largest single location plant, and a number of projects in Zambia, Niger and Morocco. It is a powerhouse of more than 4500 qualified engineers, project managers and designers. As the acceleration of growth in the energy sector has increased worldwide, Sterling and Wilson has ventured into the wind and energy storage sectors, covering the entire canvas in the renewable sector. Backed by its robust resources in Engineering, project management and strong global procurement network, the company is fully geared to deliver more than 2000 MW every year.
About Sterling and Wilson
Sterling and Wilson is an excellent example of how the Shapoorji Pallonji family has nurtured long term associations with its business partners. The Mistry and Daruvala families have been partners in Sterling and Wilson for 3 generations. This partnership will only grow stronger, as the 4th generations of both families have recently joined the business.
Over the past 5 years, Sterling and Wilson has shown exceptional growth; with operations all over the globe, as well as an expansion in its range of services. The company's turnover has shown an extremely positive growth. From a turnover of INR 1,760 crore in 2012, Sterling and Wilson group crossed a turnover of INR 6,000 crore last year as is likely to exceed INR 10,000 crore in the year ended March 2018. From being a predominantly India focussed company in 2010, Sterling and Wilson now operates across the Middle East, Africa, Australia and Europe. In the current year, the company is expanding to the USA and South America. From being a company that was mainly focussed on doing MEP projects in India, Sterling and Wilson over the past 5 years has set up global operations in manufacture of DG sets, Gas based power plants, Waste to Energy, Turnkey data centres, Transmission and Distribution and Solar EPC. With its recent forays into wind and energy storage, Sterling and Wilson is perfectly poised to play a pivotal role in the global trend of moving away from thermal plants to a future of renewable energy with storage.