Sterling and Wilson Solar secures $338m EPC contract in Australia

WCN Editorial Team 18 May 2020 OCEANIA ENERGY & UTILITIES

Sterling and Wilson Solar and its subsidiary have secured a A$525m ($338m) engineering, procurement and construction (EPC) contract for a solar plant in Australia.

Considered to be one of the largest orders in Australia, the contract also includes 20 years of operations and maintenance worth A$85m ($55m).

The contract had established the presence of Sterling and Wilson Solar in Australia within 15 months of setting up operations in the country. The contract also adds to the company’s order book, bringing its value to A$1bn ($645m).

Despite the ongoing pandemic, the company has also signed two projects in India with major independent power producers (IPPs) adding up to a value of INR6.2bn ($81.5m)

A significant portion of Sterling and Wilson Solar’s international revenues for the current financial years will come from Australia, South America and the US where solar projects construction has now started at full capacity.

Renewable projects in India, which also add considerably to the company’s revenues, have been allowed to restart now. The company is in the process of handing over the completed projects after the lockdown and will start working on other projects.

Sterling and Wilson Solar 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 United States and South America, where SWSL has invested in a strong team that is completely aligned with the local requirements.

“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.”

Last December, the company began construction of 200MW solar project in Australia. The solar EPC contract was secured from Lightsource BP.

Being built on 490 hectares of land in New South Wales, the solar plant is expected to begin operations this December. Once online, it will power nearly 70,000 Australian homes, while offsetting 336,000 tonnes of CO2 emissions.

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Sterling and Wilson Solar wins contract to build solar plant in Australia. (Credit: Pixabay/Samuel Faber)

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