An Indian firm, Sterling and Wilson Solar Division has set up an electricity power infrastructure in the country.
The project which is located in Lagos will also enhance the company’s investment drive and aggressive Africa expansion strategy.
The company said that it will also set up four offices in Africa by end of 2016, beginning with Lagos, Nigeria, before moving to Dar es Salaam in Tanzania, followed by Kenya and Ghana.
Sterling and Wilson’s Solar division already has substantial presence in Cape Town and Cairo.
The firm is also keying into Nigeria’s local content policy by employing local talent for running its new operations in Lagos.
Under the investment strategy, the company will execute EPC works for 500MW of solar photovoltaic (PV) plants across different parts of Africa in the next three years.
“We believe Sterling and Wilson is well positioned for expansion as more investors are focusing aggressively on the African Solar Market” stated Bikesh Ogra, President, Solar EPC business for Sterling and Wilson.
“The industry is growing rapidly and we will continue to expand strategically to meet demand.”
With solar power uptake on the African continent predicted to surge over the coming years – 100 gigawatts (GW) of solar installations are forecasted by 2030 – the expansion is clearly intended to ride the growing wave of the grid connected solar energy market.
Sterling and Wilson is confident to attain market leader position supported by their proven track record and global reputation.
The company provides 360 degree turnkey solutions adapted to each customer’s individual needs that exceed customer expectations, transforming solar energy into green assets by maximizing value and mitigating risks.
The company is already working on number of opportunities with various developers in Kenya, Zambia, Ghana, Mozambique, Algeria, Namibia and Morocco along with South Africa and Egypt.
The Indian firm has more than 500 MW of operational solar plants and another 1500 MW of projects under pipeline.