Gensol Engineering Wins Bid for 116 MW Solar Projects in Gujarat
Gensol Engineering wins a ₹600 crore contract for 116 MW solar projects in Gujarat, using feeder-level solarisation, set to be operational in 12 months.
by Damodharan N
Updated Jul 24, 2024
Table of Content
Gensol Engineering Wins Bid for 116 MW Solar Projects
Gensol Engineering Ltd. has been announced as the winning bidder for a solar power project in Gujarat. The company secured a contract for 116 MW (150 MWp) of solar projects, with an approximate EPC (Engineering, Procurement, and Construction) revenue of INR 600 crores.
The projects, which will be implemented across 27 locations, are managed by Paschim Gujarat Vij Co. Ltd. (PGVCL), the state’s electricity distribution company. These solar installations are aimed at feeder-level solarisation, particularly targeting agricultural feeders that either have already been segregated or primarily serve agricultural loads.
The goal of the projects is to provide grid-connected solar power to meet the annual energy needs of these feeders. The solar installations are expected to be operational within 12 months from the issuance of the Letter of Award (LoA). This initiative is part of a broader effort to enhance the state's renewable energy infrastructure and support agricultural electricity requirements.
Source: Here
Gensol Engineering
Gensol Engineering Limited, established in 2012, is a leading player in renewable energy, specializing in solar power EPC services and electric mobility solutions. With over 500 professionals, Gensol operates across various business verticals including solar EPC (India and the Middle East), EV leasing, and EV manufacturing.
They have executed over 770 MW of solar projects, including rooftop, ground mount, and floating installations. Recently, they expanded their offerings by acquiring Scorpius Trackers for advanced solar tracking solutions.
Their EV manufacturing facility in Pune has a capacity of 30,000 vehicles per year, and they provide EV leasing solutions for a wide range of clients. Additionally, Gensol is making strides in Battery Energy Storage Systems (BESS) to support sustainable energy solutions.
Gensol Engineering Wins Bid for 116 MW Solar Projects in Gujarat - FAQs
1. What is the value of Gensol’s new solar project contract?
The contract is valued at ₹600 crores.
2. How many MW is the solar project in Gujarat?
The project has a capacity of 116 MW (150 MWp).
3. Who is managing the solar project?
The solar project is managed by Paschim Gujarat Vij Co. Ltd. (PGVCL).
4. How many locations will the solar projects cover?
The solar projects will be implemented across 27 different locations.
5. What is the primary purpose of the solar installations?
The installations are for feeder-level solarisation, specifically targeting agricultural feeders.
6. When is the project expected to be operational?
The solar projects are expected to be operational within 12 months from the issuance of the Letter of Award (LoA).
7. What mode is used for the solarisation?
The projects will use feeder-level solarisation to provide solar power.
8. What type of energy needs will the solar installations meet?
The solar installations aim to meet the annual energy needs of agricultural feeders.
9. What is the revenue type for the contract?
The contract is an EPC (Engineering, Procurement, and Construction) revenue type.
10. where is the solar project aimed at domestic or international markets?
The solar project is aimed at the domestic market in India.