Sterling and Wilson Solar, a Shapoorji Pallonji Group company, has bagged its first order for waste-to-energy project from a developer of energy assets in the UK and Europe. The order is worth Rs 1,500 crore
The construction for the project will begin in the third quarter of the financial year 2021-22 and will take over three years to commission. According to the official press release, the facility will process 23.2 tonnes of non-recyclable solid municipal waste per hour, diverting over 185,600 tonnes of waste each year.
It will generate 19.6 megawatts (MW) of energy, which will be enough to power up 30,000 homes and will also provide heat that can be used by nearby businesses.
Last month, the company had announced its renewable energy expansion plans to include hybrid energy, energy storage and waste-to-energy solutions. The waste-to-energy segment is a large and growing market in developed countries.
Sterling and Wilson Solar, through diversification of business verticals, aims to use its project management skills and stakeholder relationships to capture substantial energy market share in the future.
For the waste to energy segment, the capital investment will be negligible as the major investment will be in people and operating costs, the company’s press release added.
“We are delighted to have bagged our first order in the waste-to-energy segment, which we recently forayed into. This is also our first order in the European market. Through such orders, the company will be able to manage a consistent revenue stream year-on-year,” said Amit Jain, global chief executive officer of the company.
A global pure-play, end-to-end solar engineering, procurement and construction (EPC) solutions provider, Sterling and Wilson Solar provides EPC services primarily for utility-scale solar power projects with a focus on project design and engineering.
It also manages all aspects of project execution from conceptualizing to commissioning and provides operations and maintenance (O&M) services, including for projects constructed by third parties. “With over two billion tonnes of municipal waste produced globally each year, the treatment of non-recyclable trash that otherwise emits methane from landfills will help reduce greenhouse gases in the atmosphere,” added Jain.