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Sterling & Wilson to build 300MW of solar projects in Vietnam

CTBR Staff Writer Published 10 April 2018

Sterling and Wilson, a global solar EPC company, is planning to build solar photovoltaic (PV) projects totaling 300MW in Vietnam by next June.

These projects could be built for major developers in the country with whom Sterling and Wilson is in advanced discussions.

The projects are expected to attract around $250m in investment.

When constructed, these solar projects could generate about 270 million units of clean energy annually, while offsetting around 250,000 tonnes of CO2 emissions per annum.

For the construction and maintenance of the projects, Sterling and Wilson plans to hire local talent. The projects are expected to create jobs for nearly 600 to 700 people during the construction phase. 

The 20-year maintenance period of the solar projects is also expected to give employment to 50 people, Sterling and Wilson stated.

Sterling and Wilson renewable energy and energy storage CEO Bikesh Ogra said: “Vietnam is one of the fastest growing economies in the world with nearly 8-10% annual increase in power consumption by industries who are the largest consumers of electricity in the country.

“Government is aiming at 0.8GW of solar power by 2020 which the experts feel has a potential of 7 GW of solar projects in present conditions. We are closely working with leading developers to join the larger aim of bringing affordable and clean energy to Vietnamese.”

Sterling and Wilson has strong presence in the solar power segment in Southeast Asia, with more than 50MW capacity plants in the Philippines and another 60 MWp project under start of commissioning phase in Bangladesh.  

The company stated that it has a solar portfolio of about 5GW across several geographies including India, Philippines and South Africa. Presently, it is constructing a 1,177MW solar PV plant in Abu Dhabhi.

It is also building several solar projects across Zambia, Egypt, Namibia, Niger, Jordan, Argentina and Morocco.

From being an India focused company in 2010, Sterling and Wilson now operates across the Middle East, Africa, Australia and Europe.

Over the past five years,  the company has set up global operations in manufacture of DG sets, gas based power plants, waste to energy, turnkey data centers, transmission and distribution and solar EPC. It has recently forayed into wind and energy storage. 

Image: Sterling and Wilson proposes to raise $250m for the construction of the solar projects. Photo: Courtesy of RK008/FreeDigitalPhotos.net.