Gujarat: Gensol Bags Rs 600cr Order From PGVCL For PV Project

Gujarat: Gensol Bags Rs 600cr Order From PGVCL For PV Project

Gensol Engineering won the bid for 116 MW (150 MWp) of solar projects in Gujarat with an estimated revenue of around Rs 600 crore. These projects will be distributed across 27 diverse locations, all under the purview of Paschim Gujarat Vij Company Ltd.(PGVCL), the state electricity distribution company.

Gensol Engineering is a Gujarat-based solar power Engineering, Procurement, and Construction (EPC) services company. These projects aim for feeder-level solarisation and are anticipated to be operational within 12 months, following the issuance of the Letter of Award (LoA). The solarisation of agricultural feeders that are either already segregated or primarily serve agricultural loads by installing grid-connected solar projects to meet their annual power requirements. At the feeder level, solar power projects can be deployed to fulfill the power needs of single or multiple agricultural feeders from a distribution sub-station.

Gensol has the experience across Solar (Gensol Solar EPC (India & Middle East) and Scorpius Trackers), EV leasing (Let’sEV), and EV Manufacturing (Gensol EV). Gensol Solar EPC has executed over 770 MW of diverse solar projects, encompassing rooftop, ground mount, and floating solar installations across almost all states of India.

Gensol also claims to contribute to the future of Battery Energy Storage Systems (BESS) in India by offering energy storage solutions combined with advanced energy management systems. 

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About Gensol Engineering Limited:

Gensol Engineering Limited was established in 2012. In Sep 2023, Gensol acquired Scorpius Trackers, a single-axis solar tracking solution provider, to enhance its offerings in the renewable energy sector. Venturing beyond solar, Gensol has also established its electric vehicle (EV) manufacturing facility in Chakan, Pune (India), with a production capacity of 30,000 vehicles per annum. Gensol EV has received the Automotive Research Association of India (ARAI) certification for the vehicle. The company not only manufactures but also provides comprehensive EV leasing solutions, catering to a diverse clientele that includes PSUs, educational institutions, government entities, multinational corporations, ride-hailing services, employee transport companies, rental services, logistics, and last-mile delivery enterprises. 

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