Indian engineering, procurement and construction (EPC) services company Sterling & Wilson, serving the infrastructure and energy industries, has recently announced that it is planning to construct solar PV projects of collective capacity of nearly 500MW in Australia within the next three years.
According to the company, these projects would require investments worth A$600 mn (US$459 mn). With these projects, Australia would be able to offset nearly 750,000 tons of CO2 emissions on an annual basis. The projects will also help generate over 750 jobs over the course of the projects’ construction.
Sterling & Wilson has been active in Australia since 2015 and has an office in Perth. Through this office, the company offers cogeneration solutions and diesel generators. So as to tap the massive growth potential of solar power in the region, the company has also recently opened another office in Brisbane.
The company has so far constructed solar power plants in countries such as Philippines, India, and South Africa, collectively having a capacity of 1.9 GW across. The company is also presently involved in the construction of a 1.17 GW solar power plant in Abu Dhabi and has to its credit projects in Morocco, Niger, and Zambia.
The company has expanded its operations and has also ventured into energy storage and wind energy sectors. The company is aiming to deliver projects of capacity more than 2GW every year. Australia is presently witnessing a solar power boom and the country has seen the establishment of several large-scale projects this year. The industry has also seen a significant reduction in costs, and is considered a key force that could help Australia to stay on track in achieving its renewable energy ambitions by 2020.