NE BUSINESS BUREAU
MUMBAI, NOV 9
Sterling and Wilson Solar Limited (SWSL) on Monday announced the opening of its new office in Spain, following its international expansion strategy. The office, located in Seville, will be the company’s headquarters for its European operations serving and tapping markets like Portugal, Spain, Italy, Poland, among others, a release said.
Vikas Bansal, Regional Head – Europe said, “We see this office opening as an important step forward in the company’s strategy to tap key markets. Europe has enormous potential in terms of solar capacity and the market is expected to witness the commissioning of new solar PV capacities of about 7 GW each year and emerge as a 28 GW market by 2023. With our strong bankability and well-nurtured relationships with IPPs in the region, SWSL is well poised to expand its operations in Europe to lead the global transition towards low-carbon energy.”
“SWSL constantly emphasizes on customer centricity, implementation, and delivery excellence which has assisted us to make inroads in strategically situated markets that have favourable solar policies and high solar properties,” added Bansal.
According to the SolarPower Europe’s EU Market Outlook, Spain was Europe’s largest solar market in 2019, adding 4.7 GW of capacity followed by Germany, the Netherlands, France and Poland.
