MUMBAI, July 5, 2019 – Sterling and Wilson Solar have been ranked as the world’s largest solar EPC service provider by IHS Markit in the recently announced Solar EPC and O & M Provider Tracker Q1 2019 report. The ranking is based on the annual establishment of utility-scale PV systems of more than five MW in 2018. As the largest global solar epec solution provider, the global market share of Sterling and Wilson Solar was 4.6% in 2018 – according to an IHS market, with the market share of 16.6% – twice the number of second largest company in the world It was also ranked as the largest Solar EPC solution provider in India, which is 3 times the size of its closest competitor.
Declining costs, advancing technology trends and favourable regulatory environments across the world are some of the factors driving the growth of solar energy globally.
Sterling and Wilson Solar has built more than 6 GWp of solar plants across the globe and the recognition as the world’s largest solar EPC provider is a significant milestone in its trajectory.
With a strength of 1179 employees across the world including 138 in design and engineering, Sterling and Wilson Solar has been executing projects globally. Today, it has over 6062.83 MWp of solar EPC projects as part of its portfolio in different stages of implementation (commissioned and contracted). This impressive global portfolio also includes a 1,177 MWp single location Solar PV plant in Abu Dhabi – one of the world’ s largest such Solar PV plants.
Sterling and Wilson Solar is present in 26 countries today, with operations in India, South East Asia, the Middle East, Africa, Europe, the Americas and Australia. The company has been strategically focusing on markets that have conducive solar power policies and investing resources in geographies that have long-term solar opportunities in utility-scale solar power projects and rooftop solar projects.
In the year 2018, according to IHS Markit, the company was also the largest solar EPC solutions provider in Africa and the Middle East with a market share of 36.6% and 40.4% respectively. Today, Sterling and Wilson Solar is expanding its global presence through strategic acquisitions in its target markets. The company recently acquired a 76% equity interest in GCO Electricals Pty Limited, an electrical contracting company based in Australiawith expertise in execution of solar power projects in the region.
As the global solar market is likely to grow substantially in the years to come, Sterling and Wilson Solar has positioned itself well to be at the forefront of this tremendous opportunity.
For more information, visit : www.sterlingandwilsonsolar.com