sterling-and-wilson

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Sterling and Wilson Swings to Q1 Profit on Strong Domestic EPC Demand

The engineering, procurement, and construction (EPC) arm of Shapoorji Pallonji Group, Sterling and Wilson Renewable Energy, posted a net profit of ₹50 million (~$600,...

July 19, 2024

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Arshreet Singh

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Finance and M&A

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Solar
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Daily News Wrap-Up: Solar Sector Records 81% Drop in VC Funding in Q1

The solar sector secured $8.1 billion in corporate funding through 41 transactions in the first quarter (Q1) of 2024, marking a 4% decrease from the $8.4 billion raised...

April 23, 2024

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Mercom Staff

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Daily Wrap-up
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Sterling and Wilson Posts Profit After 3 Years, Benefits from Falling Module Prices

The engineering, procurement, and construction (EPC) arm of Shapoorji Pallonji Group, Sterling and Wilson Renewable Energy, reported a net profit of ₹10 million (~$120,...

April 22, 2024

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Arshreet Singh

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Finance and M&A
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Funding and M&A Roundup: Sonnedix Secures $545 Million Loan Facility

From: Mercom Capital Group Sonnedix, an independent solar power producer, secured a €500 million (~$545 million) loan facility to finance the construction of its...

December 20, 2023

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Staff

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Finance and M&A

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Other
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Strong Domestic EPC Operations Narrow Sterling and Wilson’s Q2 Net Loss

The engineering, procurement, and construction (EPC) arm of Shapoorji Pallonji Group, Sterling and Wilson Renewable Energy’s consolidated net loss was reduced by 82%...

October 26, 2023

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Arjun Joshi

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Other

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Renewable Energy
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Daily News Wrap-Up: RUMSL Tenders for 750 MW of Wind-Solar Hybrid Projects

Rewa Ultra Mega Solar has invited bids to develop 750 MW wind-solar hybrid power projects in Madhya Pradesh on a build-own-operate basis. The developers can also propose...

October 3, 2023

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Mercom Staff

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Daily Wrap-up
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Daily News Wrap-Up: Maharashtra Invites Bids to Procure 1.92 GW of Solar Power

Maharashtra State Electricity Board (MSEB) Agro Solar Power, a wholly-owned subsidiary of MSEB Holding Company, has floated nine tenders to procure 1.92 GW of solar...

September 29, 2023

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Staff

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Daily Wrap-up
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Sterling and Wilson to Raise ₹15 Billion Through Equity Sales

Sterling and Wilson Renewable Energy (SWRE) has received approval from its Board of Directors to raise ₹15 billion (~$180.38 million) through issuing a variety of...

September 28, 2023

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Arjun Joshi

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Finance and M&A

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Other
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Daily News Wrap-Up: India’s Wind Installations Surge by 165% YoY in Q2 2023

India added 1,139.5 MW of wind power capacity in the second quarter (Q2) of the calendar year 2023, representing a 165% year-over-year increase, according to Mercom...

July 17, 2023

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Mercom Staff

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Daily Wrap-up
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Sterling and Wilson’s Q1 Net Loss Narrows on Strong Domestic EPC Operations

The engineering, procurement, and construction (EPC) arm of Shapoorji Pallonji Group, Sterling and Wilson Renewable Energy’s consolidated net loss was reduced by 73%...

July 14, 2023

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Arjun Joshi

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Other

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Renewable Energy
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Sterling and Wilson’s Q3 Revenue Shrinks 73% YoY to ₹4.18 Billion

The total revenue of Sterling and Wilson Renewable Energy, the solar engineering, procurement, and construction (EPC) arm of Shapoorji Pollonji Group, fell by 73%...

January 20, 2023

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Gourav Mishra

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Finance and M&A

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Solar
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Sterling and Wilson Q2 Net Loss Widens to ₹2.99 Billion With Steep Fall in EPC Revenues

The consolidated net loss for Sterling and Wilson Renewable Energy (formerly Sterling and Wilson Solar) rose by 5% to ₹2.99 billion (~$36.35 million) in the second...

October 13, 2022

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Rakesh Ranjan

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Markets & Policy

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Solar
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Reliance Targets 20 GW Solar Power Generation Capacity by 2025 for Captive Use

Diversified Indian conglomerate Reliance Industries (RIL) has targeted installing 20 GW of solar energy generation capacity by 2025. Addressing RIL’s annual general...

August 30, 2022

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Gourav Mishra

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Other

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Renewable Energy
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Sterling and Wilson Bags BoS Order Worth ₹22 Billion for NTPC’s 1,255 MW Solar Project

Sterling and Wilson Renewable Energy has emerged as the lowest (L1) bidder for the balance of system (BoS) package comprising four blocks of the proposed 1,255 MW of...

August 24, 2022

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Rakesh Ranjan

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Solar

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Tenders & Auctions
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Shapoorji Pallonji to Offload 1.25% Stake in Sterling and Wilson

Shapoorji Pallonji has proposed to sell 2,370,787 equity shares having a face value of ₹1 (~$0.013) each, amounting to a 1.25% equity it holds in its solar engineering...

August 12, 2022

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Arjun Joshi

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Finance and M&A

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Solar

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