13:47 (GMT +7) - Wednesday 21/11/2018

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Sterling and Wilson planning solar PV projects

Released at: 12:37, 11/04/2018

Sterling and Wilson planning solar PV projects

Photo: Sterling & Wilson

Leading Solar EPC company to build 300 MW of solar PV plants in Vietnam by June 2019.

by Linh San

Sterling and Wilson, one of the leading Solar EPC companies globally, is planning to build 300 MW of solar PV plants in Vietnam by June 2019 for leading developers in Vietnam with whom the company is under advanced discussions and would attract investment of $250 million.

Once constructed, the projects will produce 270 million units annually and thereby reduce CO2 emissions by 250,000 tons per annum. Sterling and Wilson will be hiring local talent to construct and maintain the solar projects, thereby contributing to Vietnam’s socioeconomic development. It plans to generate employment for nearly 600-700 people during construction and 50 people during the maintenance phase of 20 years.

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

Sterling and Wilson already has a substantial presence in Southeast Asia, with more than 50 MWp of solar PV plants successfully running in the Philippines and powering nearly 30,000 homes today, and another 60 MWp project in the commissioning phase in Bangladesh.

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 countries, including India, the Philippines and South Africa. It is currently constructing 1,177 MWp of Solar PV plants in Abu Dhabi, which is the world’s largest single location to date. It is also building a number of projects in Zambia, Egypt, Namibia, Niger, Jordan, Argentina and Morocco. Sterling and Wilson has more than 4,000 qualified engineers, project managers, and designers.

It has seen exceptional growth over the last five years, with operations all over the globe, and has also expanded its range of services. Turnover growth has been extremely positive.

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