Sterling and Wilson hits 5% UC
On the 10th of Dec, Sterling and Wilson Solar had hit the 5% LC and today, the moment it opened for trading, it hit the 5% UC at Rs.300.60.
The stock price has surged after the company announced that the solar EPC solutions provider has begun construction of a 200 MW solar project in Australia.
The turnkey solar EPC project is being developed by Lightsource BP, an independent company in the funding, development, acquisition and management of solar PV projects.
The Wellington Solar Farm is a solar photovoltaic (PV) independent power project (IPP) being constructed on 490 Ha of land, north-east of the town of Wellington in New South Wales and the project is planned to be commissioned by December 2020.
Once operational, the plant will produce enough solar energy to power 70,000 homes, and save 336,000 tonnes of carbon emissions, which is the equivalent of taking 121,580 cars off the road.
The company has to its credit more than 8.8 GW of high performing solar power projects in various geographies.