Key Highlights:
- SWREL leads globally in renewable EPC solutions, with a 16 GWp portfolio.
- Noor Abu Dhabi PV Project highlights SWREL’s Middle East leadership.
- SWREL focuses on solar’s potential, economic diversification, and tech innovation in the region.
- Can you give us an overview of Sterling & Wilson Renewable Energy Ltd’s (SWREL) current presence and activities in the Middle East region?
Sterling and Wilson Renewable Energy Limited (SWREL) is a global pure-play, end-to-end renewable engineering, procurement, and construction (EPC) solutions provider. Our key focus is to provide project design and engineering and to manage all aspects of project execution – from conceptualizing to commissioning. We also provide Operations & Maintenance (O&M) services for our own projects and those constructed by third parties.
With a presence spanning 29 countries and a portfolio of more than 16 GWp capacity and O&M portfolio of 7GWp capacity, we are positioned to grow at a rapid pace. Our long-term target encompasses a capacity addition of 2 GW every year, as we continue targeting large EPC markets and expand market coverage. The Middle East region is one of our priority areas because it holds immense potential in terms of expansion of solar energy – both greenfield and brownfield. A significant portion of our business comes from the Middle East region, wherein we are considered one of the market leaders.
One of our landmark projects situated right here in the UAE – the Noor Abu Dhabi PV Project, retains immense value as the inaugural utility-scale project in Abu Dhabi, boasting a capacity of 1,177 MWp. Further, there are various other projects we have undertaken in the Middle East region as we continue to keep up the momentum.
2. What are the main factors driving the growth of solar energy projects in the Middle East, and how is SWREL positioning itself to take advantage of these opportunities?
In the Middle East region, the renewable energy sector holds a lot of relevance, with countries clearly mandating the shift towards a greener solution to producing power. To help that, the renewable sector is highly competitive as well in this region with World Record Tariffs achieved and broken at various instances in time in this region. The ambitious renewables targets and commitment to an energy transition path in this region have not only accelerated the tender timelines but also ramped up procurement efforts significantly.
There are several other factors driving growth of solar energy projects across the Middle East region such as:
Abundant sunlight: The region enjoys high levels of solar irradiance, making it conducive for solar energy generation.
Economic diversification: Many Middle Eastern countries are seeking to diversify their economies away from reliance on fossil fuels by investing in renewable energy sources like solar power.
Energy security: Developing solar energy reduces dependence on imported fossil fuels, enhancing energy security for countries in the region.
Environmental concerns: Growing awareness of environmental issues in the Middle East, including climate change and air pollution, is prompting governments and businesses to invest in cleaner energy sources like solar.
Technological advancements: Advances in solar technology, including improvements in efficiency and cost reduction, are making solar energy more competitive with conventional forms of energy generation in the region.
As one of the largest Solar EPC companies worldwide, SWREL has the expertise and experience to leverage these opportunities thereby maximizing growth. We are pioneers in securing landmark deals such as Noor Abu Dhabi and Amin, Oman, showcasing our expertise and leadership in the renewable energy sector. With our deep knowledge and understanding of the subject, we are well-positioned to expand our operations in the Middle Eastern region and undertake more projects successfully.
3. Could you share some significant solar projects that SWREL has completed in the Middle East, along with the key challenges and successes encountered?
Few of our marquee projects in the Middle East includes:
The Noor Abu Dhabi Sweihan power project is a 1,177 MWp solar photovoltaic (PV) independent power project in Abu Dhabi, UAE.
SWREL was the first Indian company to execute and commission a turnkey solar project – the 61Mwp solar power plant in Risha, Jordan, during the time.
The 2.6 MWp solar power plant in Madaba, Jordan is SWREL’s first international rooftop project.
The Amin Solar PV Park Project, with an installed capacity of 125 MWp, is Oman’s first renewables-based independent power project and was the world’s biggest single-unit solar park to use bifacial modules during the time of commissioning. This is also one of the most prestigious projects for SWREL.
Every project is different, and challenges differ based upon various parameters. Few of our primary challenges are enduring harsh environmental conditions, meeting demanding project timelines, navigating fierce project competitiveness, and adapting to efficient and sustainable cleaning methodologies to ensure optimal operation and longevity of our projects. However, overcoming these challenges and ensuring timely project completion with adherence to all quality and statutory parameters has been our sole objective and we strive to keep up to it.
4. With the growing emphasis on sustainability and the transition to renewable energy in the Middle East, what role do you envision SWREL playing in shaping the region’s renewable energy landscape?
Renewable energy is increasingly being recognized as a key component of the energy transition in the Middle East, offering economic, environmental, and social benefits for the region’s sustainable development.
The Middle East region, particularly countries like Saudi Arabia, UAE, Qatar and Oman boasts abundant sunlight, making solar power a key focus of renewable energy initiatives. These countries are investing heavily in large-scale solar projects, including solar parks and utility-scale installations.
As more countries in the Middle East transition from conventional power sources to renewables, SWREL, leveraging its vast experience and expertise, stands ready to adapt to each country’s unique requirements. We are committed to supporting these nations in their journey towards a greener and sustainable source of power, contributing to a cleaner and healthier environment for all.
5. What are the main strategic priorities and expansion plans for SWREL in the Middle East region?
By 2026, the region is expected to add 33 GW by installed capacity of renewables, with around 26 GW as utility and distributed solar PV, according to a report published by Arab Petroleum Investments Corporation (APICORP).We are certain that the robust reputation and goodwill earned over the years will ensure that our growth runs parallel or even higher to industry growth in the region.
Discover more from SolarQuarter
Subscribe to get the latest posts sent to your email.
