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Amplus Solar buys rooftop solar assets of Sterling & Wilson

Wednesday, 14 Apr 2021
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Amplus Solar, a member of the Petronas group of Malaysia, has acquired 17 solar rooftop assets of Sterling & Wilson totaling 7.2 MW.

Amplus Solar already has 800 MW plus projects in the distributed solar segment and this deal will increase their portfolio in several states including Haryana, Punjab, Madhya Pradesh, Rajasthan, Maharashtra, Telangana and Karnataka.

The 17 projects of Sterling & Wilson supply to 13 leading industrial, commercial and institutional customers.

Sterling & Wilson has been offloading its assets to repay loans. In March 2021, it sold 75 MW solar power project in Telangana to Adani Green Energy for Rs 446 crore.

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