Global solar PV company Sterling and Wilson has announced its plans to expand into the Australian market, setting a 500MW target.
The company plans to construct the solar projects, expected to attract investment of $600 million, in the next three years.
Sterling and Wilson CEO renewable energy Bikesh Ogra said Australia has had a phenomenal year with large-scale solar projects.
“The solar industry has also seen a sharp decline in costs, and is seen as a pivotal force to help the country achieve its renewable energy targets by 2020,” Mr Ogra said.
“We are definitely excited to be a part of this transformational journey and aid in realising its potential to transition to a future of sustainable and renewable energy.
“As a truly global solar EPC company with experience across geographies, we not only want to bring our best practices to the industry, but also learn alongside our peers to attain our target of 500MWs installations.”
The target is expected to reduce carbon emissions by approximately 750,000 tonnes annually and would generate more than 750 jobs.
Sterling and Wilson has been actively present in Australia since 2015, offering diesel generators and cogeneration solutions through its office in Perth.