Announcement under Regulation 30 (LODR)-Press Release / Media Release

Please find enclosed herewith the Press Release on Sterling and Wilson Solar Solutions Inc. signs MOU with the Government of the Federal Republic of Nigeria

4 days ago

PRESS RELEASE

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  • Press Release - Sterling and Wilson Solar Solutions Inc. signs MOU with the Government of the Federal Republic of Nigeria

  • Sterling and Wilson Solar Solutions Inc. signs MOU with the Government of the Federal Republic of Nigeria Mumbai; September 23, 2022: Sterling and Wilson Solar Solutions, Inc (SWSS), the US step down subsidiary of Sterling and Wilson Renewable Energy Limited (SWRE) (BSE Scrip Code: 542760; NSE Symbol: SWSOLAR), announced that it has signed a Memorandum of Understanding (MOU) with the Government of the Federal Republic of Nigeria, along with its consortium partner Sun Africa.

  • Mr. Amit Jain - Global CEO, Sterling and Wilson Renewable Energy Group said, “Africa has shown great progress in the development of its solar energy markets over the last few years.

  • SWRE, having contributed the maximum solar capacity in Africa with a portfolio of over 1 GWp, stands tall as a renewable player in this region.”

  • Speaking on the occasion, Mr. Jain added “Solar combined with energy storage is going to be the future of power generation in Africa and we, along with our partner Sun Africa, are proud to be associated with this landmark project that will lay the foundation of Nigeria’s transition to clean energy”.

  • This makes for a strong case for solar energy as a viable solution for domestic and commercial supply.

  • The Nigerian Government is continuing to work with the private sector to improve access to energy, create jobs and develop the overall industry.

  • Sterling and Wilson Group has a strong presence in Africa and has an excellent reputation in Nigeria for successfully executing projects in the power sector.

  • Today, the company is one of the largest solar EPC players in the region with a strong portfolio of over 1 GWp spread across seven countries.

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  • Nigeria’s electrification rate is above the sub-Saharan Africa regional average of 47 per cent, however, it lags behind the global average.

Mentioned Phrases & Organizations

Important keywords detected (20+)

solar (15)
energy (14)
wilson (11)
sterling (10)
sterling wilson (10)
africa (9)
renewable (8)
projects (8)
government (6)
wilson renewable (6)
renewable energy (6)
sterling wilson renewable (6)
wilson renewable energy (6)
solutions (5)
swre (5)
nigeria (5)
power (5)
mou (4)
mwp (4)
storage (4)

Organizations identified (10+)

Sterling (8)
MOU (3)
Wilson Group (2)
SWSS (1)
SWSOLAR (1)
Nigerian Government (1)
ING (1)
The Nigerian Government (1)
Nampala Gold Mine (1)
SWRE (1)

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