SUBSCRIBE NEWS LETTER

sterling and wilson solar

As Cancellations Surge, India’s Solar ‘Pipeline’ Drying Up

News from the much celebrated 2 GW auction of NTPC in 2018, where top developers had bid for prices as low as Rs 2.59 is not good. 70 percent of the capacity won by developers, namely, Acme Solar, Shapoorji Pallonji, and Azure Power, have opted out of the deal, citing regulatory delays. The option of […]

Read more

The Solar Rush in the Middle East Picks Pace

Back in 2013, when the Mohammed bin Rashid Al Maktoum Solar Park, was launched near Dubai with 13 megawatts of capacity, like in most projects in the region, the ambitions were grand. In 15 years, it was expected  to expand to 3,000 MW, with a target to supply the  Dubai Electricity and Water Authority (DEWA) […]

Read more

Sterling and Wilson Loses The Perception Battle

As India has emerged to become the world’s third-largest solar market, it was but natural to expect firms based on the country to make a name in EPC work too. Sterling and Wilson did just that, and more. Riding on the boom in Indian solar and the strong group background in the construction sector, the […]

Read more

Sterling & Wilson Solar IPO Records 9% Subscription on Day 1

The IPO of Sterling & Wilson Solar was subscribed 9 percent on the first day of bidding on August 6, 2019. The initial public offer (IPO) of Sterling & Wilson Solar Ltd was subscribed 9 percent on the first day of bidding on August 6, 2019. The IPO through which the company plans to raise about Rs […]

Read more

NTPC Issues IFB for 20 MW Floating Solar Project in UP

NTPC has invited bids for the development of 20 MW floating solar power project at the reservoir of NTPC Auraiya Gas Power Plant in Uttar Pradesh. NTPC has issued an Invitation for Bids (IFB) from eligible parties for the development of 20 MW floating solar power project at the reservoir of NTPC Auraiya Gas Power […]

Read more

Kenya’s 1st Utility Scale IPP Solar Proj to Kick-off Construction Post Financial Close

Meanwhile, it is expected that the plant will reach commercial operation in mid-2020 as the construction work likely to take around twelve months. With an aim to power Africa’s growth trajectory, Globeleq is mulling to begin the construction of Kenya’s one of the first IPP-owned utility scale solar power plants post the financial close. This 40 […]

Read more

An Innovative Plan to Drive Higher Solar Rooftop in Chandigarh takes Shape

CREST, or the Chandigarh Renewable Energy and Science & Technology Promotion Society, a society under the department of science and technology, Chandigarh Administration, has come up with a model to drive higher solar use. Expanding the RESCO model to residential houses. The planned move by CREST is really interesting because it tries to tackle one of the […]

Read more

India’s Solar Powered IPO’s. Why Success Will Matter

Recent weeks have brought news of two IPO’s from firms in the sector. First is of course Sterling and Wilson’s plans for a billion dollar  IPO, with almost $650 million being the shares offered by key promoters Shapoorji Pallonji and Co and Chairman Khurshed Yazdi Daruvala for sale. The firm, which clocked a topline of […]

Read more

Sterling & Wilson Solar files for Rs 4,500 crore-IPO with SEBI

The company’s revenue from operations in the first nine months of 2018-19 went up by  83 % to Rs 5,915 crore while net profit jumped 98 % to 343 crore during the period. Shapoorji Pallonji Group’s renewable energy arm Sterling and Wilson Solar today filed Draft Red Herring Prospectus (DRHP) with market regulator Securities and […]

Read more
      SUBSCRIBE NEWS LETTER
Scroll