Business News Update : Sterling & Wilson’s US arm bags Rs 890cr contract

Insight Online News

Mumbai, March 31 : Sterling and Wilson Solar Solutions, Inc (SWSS), the US subsidiary of Sterling and Wilson Solar Ltd (SWSL) has announced that it has signed an order worth $121.7 million (Rs 890 crore) in the Pacific Northwest region of the US.

In a regulatory filing, Sterling and Wilson Solar said that the order has been received from a leading sustainable energy company and is scheduled to be commissioned by Q4 FY 2022. SWSS will be managing the entire turn-key execution for the PV project.

The US market is one of the largest renewable markets globally and it has been the Company’s focus to become a significant player in this very important market.

Amit Jain, Country Head, Sterling and Wilson Solar Solutions, Inc said: “We are delighted to have won this order in USA and with this project, our cumulative orders booked in the country now stand at around $260 million (Rs 1,880 crore).”

With the renewed commitment by the new administration in renewable energy, that includes rejoining the Paris Climate Accord, investing $2 trillion in clean energy, and fully decarbonizing the power sector by 2035, USA has huge potential,” Jain said.

“We are confident that as a global solar EPC company with state-of-the-art technology and project execution capabilities, we are well poised to be a significant player in this energy transition.”

IANS

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