Top Utility-Scale Solar EPC Companies in 2021 – Sterling and Wilson, Siemens Gamesa, and Tata Power
Sterling and Wilson, Siemens Gamesa, and Tata Power Solar were the top utility-scale solar engineering, procurement, and construction (EPC) service providing companies in the calendar year (CY) 2021, according to ...
Sterling and Wilson Renewable Energy’s Total Income Up by 11.5% YoY in Q3 FY 2022
Sterling and Wilson Renewable Energy (formerly Sterling and Wilson Solar), the solar engineering and construction arm of the Shapoorji Pallonji Group, recorded a total income of ₹15.02 billion (~$198.62 million) ...
Sterling and Wilson Solar’s QoQ Revenue Up 20% in Q2 FY22
Sterling and Wilson Solar, the solar engineering and construction arm of the Shapoorji Pallonji Group, has recorded a revenue of ₹14.38 billion (~$193.24 million) in the second quarter (Q2) of the ...
Reliance’s REC Acquisition Could Reduce Indian Solar Developers’ Dependence on Imports
Solar developers and module manufacturers believe Reliance Group's recent solar acquisitions will help India provide an alternative to Chinese products. In June 2021, Mukesh Ambani, Chairman of Reliance Industries, announced that Reliance ...
Amplus Acquires 17 Rooftop Solar Projects from Sterling and Wilson
Solar developer Amplus Solar has announced the acquisition of 17 on-site operational solar projects from Sterling and Wilson Private Limited. Spread over Haryana, Punjab, Madhya Pradesh, Rajasthan, Maharashtra, Telangana, and ...
Adani Green to Acquire a 75 MW Solar Project from Sterling and Wilson
Adani Green Energy Limited (AGEL) has announced that it will acquire 75 MW of operational solar assets in Telangana from Sterling and Wilson, a Shapoorji Pallonji Group subsidiary, for ₹4.46 ...
Sterling and Wilson and Enel X Partner to Provide EV Charging Infrastructure
Sterling and Wilson, Mumbai-based engineering, procurement, and construction company, has signed a joint venture (JV) agreement with U.S.-based energy solutions company Enel X to enter the e-mobility segment in India. The companies ...
Funding and M&A Roundup: Battery Maker Enevate Secures $81 Million in Funding
From: Mercom Capital Group Volta Energy Technologies, an investor in battery and energy storage technologies, has announced an initial closing on its venture fund focused on batteries, energy storage, and ...
Sterling and Wilson Subsidiary Acquires GCO Solar
Sterling and Wilson International Solar FZCO (SWFZCO) announced that it has fully acquired the equity share capital of GCO Solar, an Australia-based electrical and solar contractor. In a BSE filing, ...
Sterling and Wilson Solar’s Revenue Up 22% in Q3 FY 2021
Sterling and Wilson Solar’s (SWSL) revenue from operations stood at ₹13.11 billion (~$180.8 million) in the third quarter (Q3) of the financial year 2021 (FY 2021), up 22% from ₹10.76 ...
Sterling and Wilson Solar’s Revenue Up 12% in Q2 of FY 2021
Sterling and Wilson Solar, one of the leading solar engineering, procurement, and construction (EPC) services providers, has announced the financial results for the second quarter (Q2) of the financial year ...
Sterling and Wilson Solar’s Profit Falls 63% YoY in Q1 FY 2021
Sterling and Wilson Solar Limited (SWSL), a solar engineering, procurement, and construction (EPC) company, reported a 63% fall in profits year over year (YoY) during the quarter ended June 30, ...
Shapoorji Pallonji Defers Repayment of Sterling & Wilson Solar’s Loan
The Shapoorji Pallonji Group has told the subsidiary company, Sterling and Wilson Solar Limited (SWSL), that it would defer the payment of the loan amount of over ₹10 billion (~$135.8 ...
Sterling and Wilson Solar Reports Slump in Revenues and Profits in FY 2020
Sterling and Wilson Solar Limited, a solar engineering, procurement, and construction (EPC) company, has reported lower revenue, profit, and earnings before income, tax, depreciation, and amortization (EBITDA) for the year ...
Sterling and Wilson Solar Secures EPC Contracts in India and Australia
Sterling and Wilson Solar Limited (SWSL), a solar engineering, procurement, and construction (EPC) company, announced that it signed an EPC contract in Australia worth AUD 525 million (~₹25.29 billion). It ...
Top Headlines from India’s Renewable Sector in April
The month of April witnessed several important events that might have a significant impact on the renewable energy sector going forward. Here are some of the important developments in April ...
Sterling and Wilson Solar Receives ₹5 Billion Against Outstanding Loans
Sterling and Wilson Solar Limited (SWSL), a solar engineering, procurement and construction (EPC) company, has announced that it has received ₹5 billion (~$66.8 million) towards the outstanding loans from its ...
Important Headlines from India’s Renewable Sector in February 2020
February was a busy month for the domestic renewable sector, with many important events and announcements making the headlines. There were several important announcements in the month, including the Union ...
Sterling & Wilson Reports Lower Revenues and Profits in Nine Months of FY20
Sterling and Wilson, a Shapoorji Pallonji Group company, has released its consolidated and standalone financial results for the third quarter (Q3) and nine months ended on December 31, 2019. The ...
Solar EPC Company Sterling & Wilson Repays ₹10 Billion in Outstanding Loan
Sterling and Wilson Solar Limited, the solar engineering and construction arm of the Shapoorji Pallonji Group, has paid ₹10 billion in dues (~$140.18 million) of its outstanding loan. This payment ...
Sterling and Wilson’s Net Profit Reaches ₹1.25 Billion in 1H of FY 2020
Sterling and Wilson Solar Ltd. (SWSL), the solar engineering and construction arm of the Shapoorji Pallonji Group, has announced its results for the second quarter (Q2) and the first half ...
Globeleq Announces Financial Closure for its 40 MW Solar Project in Kenya
Globeleq, an energy company focused on Africa has announced the financial closure of a 40 MW Malindi Solar photovoltaic project in Kenya. The company has also announced that it has ...
Solar EPC Company Sterling and Wilson Files for ₹45 Billion IPO
Sterling and Wilson Solar Limited, an engineering, procurement, and construction (EPC) company of Shapoorji Pallonji Group, has filed a draft red herring prospectus as part of its planned initial public ...
Sterling and Wilson Moves Delhi High Court Against Non-Payment from Skypower Solar
Two renewable project developers Skypower and Sterling and Wilson have been embroiled in a financial tussle with the latter alleging non-payment of dues for two solar projects. After the matter ...
Sterling and Wilson to Develop World’s Largest 1,177 MW Solar Project in Abu Dhabi
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 ...