Sterling and Wilson Solar Adds to Order Book With 930 Cr Egypt Order

Leading Solar EPC firm Sterling and Wilson Solar has bagged an order worth Rs 930 crore in Egypt. The order worth USD 127.5 million (Rs 930 crore) in the Kom Ombo region of Egypt, is likely to be the 200 MW bid won by Saudi Arabia’s ACWA power in 2018, with the original project deadline of third quarter of 2021. Now it is scheduled to be commissioned by the first quarter of 2022.

Sterling and Wilson Solar has already executed five projects of over 322 MWp in Benban Solar Park in Egypt.

Sterling and Wilson Global CEO and Director Bikesh Ogra said about the order, “winning this project is an important milestone and further strengthens the focus in the Middle East and North Africa (MENA) region which has been a key market for Sterling and Wilson”.

Sterling and Wilson Solar has been a strong success story for Solar EPC from India, showing the way to many other players, notably L&T and even state-owned NTPC to explore the global market for solar projects.

The company also provides operations and maintenance (O&M) services, including for projects constructed by third parties and offers solar plus storage solutions to its customers. In its results for the April-Dec 2020 period on Feb 13, the firm had declared an order inflow of 1.5 GW amounting to Rs 6,116 crores from 1st April 2020 until 31st December 2020, i.e. 133 percent of restated FY20 order inflow (after exclusion of non-contracted projects)
Order backlog as of date exceeded Rs 8,700 crores as on December 31, 2020.

Present in 25 countries, Sterling and Wilson Solar has operations in India, South-East Asia, the Middle East, Africa, Europe, the Americas and Australia.

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