Gensol Engineering Ltd awarded contract for solar projects in Gujarat
Gensol Engineering Ltd, a leading player in the renewable energy sector, has been chosen to undertake a series of solar projects in Gujarat. The projects, which are set to have a combined capacity of 116 MW (150 MWp), will be managed by the state electricity distribution company, Paschim Gujarat Vij Co. Ltd. (PGVCL). With an estimated Engineering, Procurement, and Construction (EPC) revenue of Rs 6 billion, this contract represents a major opportunity for Gensol Engineering to strengthen its presence in the state.
Promoting sustainable energy practices at the feeder level
The solar projects awarded to Gensol Engineering are part of a larger initiative aimed at promoting solarization at the feeder level. Specifically, these projects will focus on solarizing agricultural feeders that are already segregated or primarily serve agricultural loads. By utilizing grid-connected solar systems, these feeders aim to meet the annual power requirements of agricultural areas with clean, renewable energy.
The 27 locations chosen for these solar projects have been carefully selected to ensure maximum efficiency and coverage. Once operational, the solar installations are expected to greatly reduce dependence on fossil fuels, lower carbon emissions, and ultimately contribute to a more sustainable energy landscape in Gujarat.
Gensol Engineering’s expertise in the renewable energy sector
Founded in 2012, Gensol Engineering has amassed a wealth of experience in the renewable energy sector. The company specializes in providing end-to-end solutions for solar power projects, including engineering, procurement, and construction (EPC) services. With a highly skilled and dedicated team, Gensol Engineering has successfully executed over 770 MW of solar projects across India, making a significant impact in the country’s transition towards clean energy.
Furthermore, Gensol Engineering has been actively expanding its portfolio to meet the evolving needs of the industry. In September 2023, the company acquired Scorpius Trackers, enhancing its offerings in the renewable energy sector. This strategic move has allowed Gensol Engineering to strengthen its position as a comprehensive solutions provider for solar projects.
Additionally, the company has demonstrated its commitment to sustainable mobility by setting up a state-of-the-art electric vehicle manufacturing facility in Chakan, Pune. With a capacity to produce 30,000 vehicles annually, Gensol Engineering is furthering its contribution to the growth of the electric mobility sector in India.
A bright future for solar energy in Gujarat
With the award of the solar projects to Gensol Engineering, the state of Gujarat is poised to achieve major milestones in its renewable energy journey. By targeted solarization at the feeder level, the state is taking significant strides towards its goal of sustainable energy for all.
The solar projects, set to become operational within 12 months from the issuance of the Letter of Award (LoA), will not only help reduce dependency on traditional sources of energy but also contribute to the overall reduction of greenhouse gas emissions. As Gujarat continues to prioritize clean energy solutions, such initiatives position the state as a leader in the adoption of renewable technologies.
In conclusion, Gensol Engineering’s contract to develop 116 MW of solar projects in Gujarat marks a significant milestone in the state’s journey towards sustainable energy. With the company’s expertise in the renewable energy sector combined with the government’s commitment to promoting clean energy, these projects are expected to have a lasting positive impact on the energy landscape of Gujarat.
