financetom
Business
financetom
/
Business
/
Sterling and Wilson Solar opens new office in Spain
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Sterling and Wilson Solar opens new office in Spain
Nov 9, 2020 5:57 AM

Shapoorji Pallonji Group firm Sterling and Wilson Solar on Monday said it has opened a new office in Spain to focus on Europe’s growing solar market. The office, located in Seville, will be its headquarters for its European operations serving and tapping markets like Portugal, Spain, Italy, Poland, among others, the company said in a statement.

Sterling and Wilson Solar Ltd (SWSL) on Monday announced the opening of its new office in Spain, following its international expansion strategy, the statement said. ”We see this office opening as an important step forward in the company’s strategy to tap key markets. Europe has enormous potential in terms of solar capacity and the market is expected to witness the commissioning of new solar PV capacities of about 7 GW each year and emerge as a 28 GW market by 2023.

”With our strong bankability and well-nurtured relationships with IPPs in the region, the SWSL is well poised to expand its operations in Europe to lead the global transition towards low-carbon energy,” its Regional Head – Europe Vikas Bansal said in the statement. According to the SolarPower Europe’s EU Market Outlook, Spain was Europe’s largest solar market in 2019, adding 4.7 GW of capacity followed by Germany, the Netherlands, France and Poland.

”SWSL constantly emphasizes on customer centricity, implementation and delivery excellence which has assisted us to make inroads in strategically situated markets that have favourable solar policies and high solar properties,” Bansal said. Sterling and Wilson Solar Ltd has been executing projects globally and has to its credit more than 10.5 GW of solar power projects (commissioned and under various stages of construction) in various geographies.

This portfolio includes a 1,177 MW Solar PV plant in Abu Dhabi the world’s largest single-site solar plant. The company also manages a portfolio of 7.8 GW of O&M projects globally. SWSL is a global pure-play, end-to-end solar engineering, procurement and construction (EPC) solutions provider.

The company provides EPC (engineering, procurement and construction) services for utility-scale, rooftop and floating solar power projects with a focus on project design and engineering, and manage all aspects of project execution from conceptualising to commissioning. The company also provides operations and maintenance (O&M) services, including for projects constructed by third parties and offers solar plus storage solutions to its customers.

Present in 25 countries, it has operations in India, South-East Asia, Middle East, Africa, Europe, the Americas and Australia.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Market Chatter: Boeing Faces Potential Strike as Pacific Northwest Workers Consider Rejecting Tentative Deal
Market Chatter: Boeing Faces Potential Strike as Pacific Northwest Workers Consider Rejecting Tentative Deal
Sep 11, 2024
04:02 PM EDT, 09/11/2024 (MT Newswires) -- Boeing ( BA ) could face a possible strike on Friday if factory workers in Portland, Oregon, and the Seattle area vote for work stoppage and reject a tentative deal, Reuters reported Wednesday. Workers are unhappy as they were looking for a bigger increase in wages along with other improvements, a key union...
Market Chatter: Stellantis Supplier to Hire Adviser for Debt Offering
Market Chatter: Stellantis Supplier to Hire Adviser for Debt Offering
Sep 11, 2024
03:09 PM EDT, 09/11/2024 (MT Newswires) -- CLN Coils Lamiere Nastri, a supplier to Stellantis ( STLA ) , is seeking an adviser to help with over 400 million euros ($440.8 million) of debt offering to refinance a bond due in November, Bloomberg reported Wednesday. The Italy-based company will choose an adviser in the coming weeks from among those interested...
Genesis Energy Undergoing Transition, Production Issues Expected to Improve by 2025, RBC Says
Genesis Energy Undergoing Transition, Production Issues Expected to Improve by 2025, RBC Says
Sep 11, 2024
04:05 PM EDT, 09/11/2024 (MT Newswires) -- Genesis Energy (GEL) is in a transition phase, with issues at deepwater facilities and soda ash production expected to improve by 2025, supported by upcoming offshore projects, RBC Capital Markets said in a note emailed Wednesday. Genesis Energy reduced its 2024 adjusted EBITDA guidance by 10% due to production issues to between $625...
Sector Update: Consumer
Sector Update: Consumer
Sep 11, 2024
03:28 PM EDT, 09/11/2024 (MT Newswires) -- Consumer stocks were mixed late Wednesday afternoon with the Consumer Staples Select Sector SPDR Fund (XLP) dropping 1% and the Consumer Discretionary Select Sector SPDR Fund (XLY) rising 0.6%. In corporate news, Rentokil Initial ( RTO ) shares tumbled 21% after the company cut its North American organic revenue growth guidance to 1%...
Copyright 2023-2026 - www.financetom.com All Rights Reserved