Sterling and Wilson Plans 300 MW Solar PV Projects in Vietnam

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DUBAI, United Arab Emirates–(BUSINESS WIRE)–Apr. 09, 2018

Sterling and Wilson, one of the leading Solar EPC companies globally, is planning to construct 300 MW of Solar PV plants in Vietnam by June 2019. These projects would be constructed for leading developers in Vietnam with whom the company is under advance discussions, and would attract an investment of USD 250 million. Once constructed, these projects will generate 270 million units annually and thereby reduce CO2 emission of 250000 tonnes per annum. Sterling and Wilson would be hiring local talent to construct and maintain solar projects, thereby contributing to the socio-economic development. It has plans to generate employment for nearly 600-700 people during construction and 50 people during the maintenance phase of 20 years.

Sterling and Wilson has already made a remarkable presence in Southeast Asia with over 50 MWp of solar PV plants successfully running in the Philippines which is powering nearly 30,000 homes today, and another 60 MWp project under start of commissioning phase in Bangladesh.

Bikesh Ogra, CEO – Renewable Energy and Energy Storage, Sterling and Wilson, said, “Vietnam is one of the fastest growing economies in the world with nearly 8-10% annual increase in power consumption by industries who are the largest consumers of electricity in the country. Government is aiming at 0.8 GW of solar power by 2020 which the experts feel has a potential of 7 GW of solar projects in present conditions. We are closely working with leading developers to join the larger aim of bringing affordable and clean energy to Vietnamese.”

Sterling and Wilson is one of the leading Solar EPC players globally. It has to its credit close to 5GW of solar portfolio in various geographies including India, Philippines and South Africa. It is currently constructing 1177 MWp of Solar PV plant in Abu Dhabi which is the world’s largest single location Solar PV plant till date. It is also building a number of projects in Zambia, Egypt, Namibia, Niger, Jordan, Argentina and Morocco. Sterling and Wilson is a powerhouse of more than 4000 qualified engineers, project managers and designers.

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. It is likely to exceed INR 10,000 crore in the year ended March 2018. From being a predominantly India focused company in 2010, Sterling and Wilson now operates across the Middle East, Africa, Australia and Europe. From being a company that was mainly focused 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 Centers, 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.

Visit us at www.sterlingandwilson.com

View source version on businesswire.com: https://www.businesswire.com/news/home/20180409005808/en/

for Sterling and Wilson
Kritika Bharadwaj
MOB: +91 (0) 9833394436
kritika.bharadwaj@mslgroup.com

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