SkyPower Awards Sterling and Wilson EPC Contract to Build 350 MW of Solar in India

World's Largest Solar Developer and World-Leading Indian EPC contractor to begin construction in Madhya Pradesh and Telangana in Q3-Q4 2016

DELHI, April 28, 2016 /PRNewswire/ - SkyPower, the largest and one of the most successful developers of utility-scale solar energy projects in the world, and Sterling and Wilson, world-leading and top Indian solar engineering, procurement and construction (EPC) company, are pleased to announce the signing of agreements today for the EPC and operation and maintenance (O&M) of SkyPower's recently awarded 350 MW (AC) solar projects to be built in India. Construction of the seven 50 MW projects, 150 MW in Madhya Pradesh and 200 MW in Telangana, are to commence in Q3-Q4 of 2016.

Sterling and Wilson, an award-winning EPC contractor, has installed nearly 1 GW of solar energy projects in India alone, and continues to lead the industry as more than 3,500 of its highly skilled workforce build international solar operations across Southeast Asia, the Middle East, and Africa, and has already commissioned nearly 150 MW in solar farms across Africa and Southeast Asia.

"SkyPower continues to lead by example and by action. The signing of these EPC and O&M agreements with Sterling and Wilson is an important milestone toward the timely execution of our awarded projects and fulfillment of our commitment to generating a brighter future for India through developing clean solar power," said SkyPower's President and Chief Executive Officer Kerry Adler.

"Sterling and Wilson is proud to be selected to execute SkyPower's projects in India. SkyPower's world-class construction and O&M requirements and standards are stringent, and our selection is a testament to Sterling and Wilson's capabilities and stellar reputation in India and abroad," said Bikesh Ogra, President, Solar & Electrical Division, Sterling and Wilson.

Said Sri Manu Shrivastava, Principal Secretary, New and Renewable Energy Department, Government of Madhya Pradesh: "MP Government and MPNRED would extend all cooperation for timely execution of SkyPower projects in the state. We are extremely happy to learn of progress on the project. Almost 1,500 MW of projects have been installed in the state in 2015-16, and execution of SkyPower projects would further supplement the achievements of Madhya Pradesh in the field of renewable energy."

SkyPower's continued commitment to develop, finance and build solar photovoltaic projects in India represents a significant amount of the Government of India's 100 GW solar target for 2022. SkyPower is proud to be a part of this exemplary program.

About SkyPower
www.skypower.com

SkyPower is the largest and one of the most successful developers and owners of utility-scale solar energy projects in the world. With roots dating back more than a dozen years, SkyPower's global team possesses a vast track record of over 900 years of combined experience in power and large infrastructure projects.

The experienced and accomplished SkyPower team has built, assembled and acquired an extensive pipeline of over 25 GW worldwide – 9 GW of which were recently announced in bilateral agreements, and other contract awards, to be built in the Middle East, Africa and Southeast Asia over the next five years.

SkyPower's over 30 utility-scale solar Power Purchase Agreements (PPA) and Contracts in aggregate represent well in excess of US $80 billion worth of long-term renewable energy sales to leading utilities and governments around the world.

SkyPower is majority owned by CIM Group, a U.S.-based real estate and infrastructure investment firm founded in 1994 that has systematically and successfully invested in dynamic and densely populated communities throughout North America.

About Sterling and Wilson

Sterling and Wilson, which began its operations in 1927 as Wilson Electric Works, is a group company of the 150 year old US$ 2.5 billion business conglomerate - Shapoorji Pallonji Group, and is one of India's leading MEP services provider.

Sterling and Wilson's range of offerings cover Turnkey MEP projects, Electrical, HVAC, DG sets from 10kVA to 3300 kVA, manufacturing of HT/LT Panels, Public Health Engineering and Fire Fighting, Security systems, Mechanical EPC, EPC Contracting, Distributed Power & Co-generation, Data Centre EPC, Turnkey EPC for solar power projects, Operation & Maintenance and International Operations.

Today Sterling and Wilson, has evolved as India's leading MEP (Mechanical, Electrical & Public Health Engineering) Services Company. Some of the iconic projects accomplished by Sterling and Wilson are First International Financial Centre (FIFC), Terminal 3- Indira Gandhi International Airport, Lulu International Mall, Buddh International Circuit, Ford India, to name a few.

Sterling and Wilson is India's largest Solar EPC in terms of number of projects that are spread across the country. Sterling and Wilson was awarded the "Energize" Indian Power Sector Award for "Excellence in Solar EPC" for the year 2012-13, as evaluated by Ernst & Young and presented by CNBC-TV 18. Sterling and Wilson is also recognized as India's top solar EPC player and ranked globally 19th by IHS Solar Research's report in 2014 for Global PV integrators market share (IHS is a world leader in solar market research & analysis).

Internationally, the company along with its parent SPCL, is presently developing a pipeline of solar and MEP projects across India, Middle-east, Central Asia, East Asia and Africa. Visit us at www.sterlingandwilson.com

SOURCE SkyPower