Amplus Acquires 17 Rooftop Solar Projects from Sterling and Wilson

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 ...
/ / Finance and M&A, Solar
Adani Green to Acquire a 75 MW of Solar Project from Sterling and Wilson (3)

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 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

Funding and M&A Roundup: Battery Maker Enevate Secures $81 Million in Funding

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 related hardware and software ...
/ / Finance and M&A, Other
Sterling and Wilson Subsidiary Acquires GCO Solar

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 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’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 ...
/ / Markets & Policy, Solar
Sterling and Wilson Solar’s Profit Falls 63% YoY in Q1 FY 2021

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

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 ...
/ / Markets & Policy, Solar
Sterling and Wilson Solar Reports Slump in Revenues and Profits in FY 2020

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 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

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 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

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 & 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 ...
/ / Finance and M&A, Solar
Solar EPC Company Sterling & Wilson Repays ₹10 Billion in Outstanding Loan

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 ...
/ / Solar, Utility Scale
Sterling and Wilson’s Net Profit Reaches ₹1.25 Billion in 1H of FY 2020

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 ...
/ / Solar, Utility Scale
Globeleq Announces Financial Closure for its 40 MW Solar Project in Kenya

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 ...
/ / Finance and M&A, Solar
ACME to Reduce its IPO Size from ₹22 billion to ₹10-15 billion

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 ...
/ / Markets & Policy, Solar
Hero Future, Vikram Solar and ACME go to Court Opposing Safeguard Duty Imposed by DGTR

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 ...
/ / Markets & Policy, Solar
Abu Dhabi

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 ...
/ / Solar, Utility Scale