Sterling and Wilson Plans 300 MW Solar PV Projects in Vietnam

DUBAI, United Arab Emirates–(BUSINESS WIRE)–#BikeshOgra–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

Contacts

for Sterling and Wilson
Kritika Bharadwaj
MOB: +91 (0)
9833394436
[email protected]