Sterling & Wilson at 5% UC

Shapoorji Pallonji owned Sterling & Wilson Solar opened over 1.5% higher today at Rs.148.15 and just a few minutes ago, hit the 5% UC of the day at Rs.152.95, where it currently remains locked.

The company just now announced that it has commissioned its maiden Solar PV project in Oman, thereby making it the first Indian company to commission a Solar PV project in this region.

The company had received the order from Amin Renewable Energy Company SAOC.

The Amin Solar PV project is supported by the Japanese-Omani consortium designed by Marubeni Corporation, Oman Gas Company S.A.O.C., Bahwan Renewable Energy Company LLC and Nebras Power.

The Amin solar project, with installed capacity of 125 MW (DC), is Oman’s first renewables based Independent Power Project (IPP). It is also the biggest single-unit solar park in the world to use bifacial modules, which generate less heat and can withstand the desert’s temperature fluctuations.

Sterling and Wilson Solar has commissioned a series of high-performing solar power projects globally and has to its credit around 9.2 GWp projects in various geographies. This portfolio includes a 1,177 MWp solar project in Abu Dhabi - one of the world’s largest single location Solar PV plants.

The company also manages a portfolio of 7.4 GWp of O&M projects globally, a testament to its best-in-class services