By PTI Nov 9, 2020 2:57:15 PM IST (Published)
Europe has enormous potential in terms of solar capacity and the market is expected to witness the commissioning of new solar PV capacities of about 7 GW each year and emerge as a 28 GW market by 2023.
Shapoorji Pallonji Group firm Sterling and Wilson Solar on Monday said it has opened a new office in Spain to focus on Europe’s growing solar market. The office, located in Seville, will be its headquarters for its European operations serving and tapping markets like Portugal, Spain, Italy, Poland, among others, the company said in a statement.
Sterling and Wilson Solar Ltd (SWSL) on Monday announced the opening of its new office in Spain, following its international expansion strategy, the statement said. ”We see this office opening as an important step forward in the company’s strategy to tap key markets. Europe has enormous potential in terms of solar capacity and the market is expected to witness the commissioning of new solar PV capacities of about 7 GW each year and emerge as a 28 GW market by 2023.
”With our strong bankability and well-nurtured relationships with IPPs in the region, the SWSL is well poised to expand its operations in Europe to lead the global transition towards low-carbon energy,” its Regional Head – Europe Vikas Bansal said in the statement. According to the SolarPower Europe’s EU Market Outlook, Spain was Europe’s largest solar market in 2019, adding 4.7 GW of capacity followed by Germany, the Netherlands, France and Poland.