Sterling & Wilson has won an engineering procurement and construction (EPC) bid to develop a 1,177 MW solar project in Sweihan in the Emirates of Abu Dhabi. Once complete, the project will be the largest solar project at a single location. The timeframe to complete the project is estimated to be 23 months.
The project is being jointly developed by Marubeni, a Japanese integrated trading and investment giant, Jinko, a Chinese PV module manufacturer, and the Abu Dhabi Water and Electricity Authority (ADWEA). The consortium successfully bid a tariff of $0.0242 (~Rs.1.564)/kWh, marking the lowest tariff ever for solar power, stated a Sterling & Wilson release.
“We are fully geared and very excited to be a part of this important milestone in the global solar market”, said Bikesh Ogra, President of Renewable Energy, Sterling and Wilson.
According to Mercom’s Q1 2017 India Solar Market Update, Sterling & Wilson is the largest utility scale EPC contractor in India with commissioned capacity of approximately 1.3 GW.
Raj Prabhu is a recognized thought leader in clean energy markets where his work has influenced policies worldwide. He has a deep understanding of regulatory policy and clean energy markets and his market and opinion pieces are regularly published on both MercomIndia.com and other leading publications globally. Raj is also a regular speaker and presenter on clean energy policy and finance topics at conferences worldwide. Raj attended the KLE College of Science in Bangalore, India for physics and chemistry, and holds a Bachelor of Science Degree in Hotel and Institutional Management from Johnson and Wales University, Rhode Island. More articles from Raj Prabhu.