|Sterling and Wilson bagged mandate to execute a 1177 MW single location solar PV turnkey EPC and maintenance contract in Sweihan, Emirates of Abu Dhabi.|
The plant, spread over a desert area of 7.8 sq. km, is scheduled to be fully integrated with the grid in 23 months. It is being jointly developed by Japanese major Marubeni along with Jinko, a global leader in the solar industry, and Abu Dhabi Water and Electricity Authority.
The plant, once commissioned, would save around 7 million tonnes of carbon emissions every year, a number that would be a national landmark. The 1177 MW can power around 1,95,000 homes, thus contributing to the welfare of the current as well as the future generations of the people of the UAE.
“We are fully geared and very excited to be a part of this important milestone in the global solar market,” Bikesh Ogra, President, Renewable Energy, Sterling and Wilson, said in a statement.
He further added, “The strongest contributor to this tariff is the capital expense driven by lower equipment cost and a highly efficient system design. Our unique design offerings and state-of-the-art robotics optimizes the yield and performance of the plant”
Sterling and Wilson has to its credit over 1400 MW of performing solar power plants in various geographies.
The company has ventured into the wind and energy storage sectors, covering the entire canvas in the renewable sector. The company is geared to deliver more than 3000 MW every year.
The company is part of the Shapoorji Pallonji family. The Mistry and Daruvala families have been partners in Sterling and Wilson for 3 generations.
From a turnover of Rs. 1,760 crore in 2012, Sterling and Wilson group crossed Rs. 6,000 crore last year and expects to exceed Rs. 10,000 crore by March 2018.