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Sterling and Wilson today said it has bagged turnkey engineering procurement and construction along with operation and maintenance contract for the world's largest single location solar PV plant in Sweihan, Emirates of Abu Dhabi.
"The project will deliver a capacity of 1177 MWp, easily surpassing the current largest 850 MWp single location plant in China," a company statement said.
According to the statement, with construction already underway, the prodigious plant, which is spread over a desert area of 7.8 sq km, is scheduled to be fully integrated with the grid in a record timeline of just 23 months. The project was awarded at the lowest ever recorded bid in the history of PV solar.
The plant is jointly developed by Marubeni, a Japanese integrated trading and investment giant, along with Jinko, a global leader in the solar industry, and Abu Dhabi Water and Electricity Authority (ADWEA).
The consortium has successfully bid a tariff of USD 2.42 cents per kilowatt hour, marking the lowest cost ever for solar power.
The plant, once commissioned, would save around 7 million tonnes of carbon emissions every year, a number that would be a national landmark. The 1177 MWp can power around 1,95,000 homes.
"We are fully geared and very excited to be a part of this important milestone in the global solar market," said Bikesh Ogra, President - Renewable Energy, Sterling and Wilson in the statment.
The company said that Sterling and Wilson is an excellent example of how the Shapoorji Pallonji family has nurtured long term associations with its business partners.
The Mistry and Daruvala families have been partners in Sterling and Wilson for 3 generations. This partnership will only grow stronger, as the 4th generations of both families have recently joined the business, it added.
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)