Punjab: Gensol Secures 22 MW Solar Project From A Steel Firm

Punjab: Gensol Secures 22 MW Solar Project From A Steel Firm

Indian renewable energy company Gensol Engineering Limited today announced securing the first large turnkey solar project from a steel product company in Punjab. The project involves the development of a 22 MW ground-mounted solar PV power plant, with a total contract value of INR 88 Crore is set to be executed over a 6-month period.

The project will utilize high-efficiency bi-facial solar modules, chosen to maximize energy output and ensure long-term durability. Commenting on the development, Shilpa Urhekar, Chief Executive Officer, Solar EPC (India), Gensol Engineering Ltd. said, ” We are deeply grateful for the trust placed in us by the customer. This significant project is a testament to Gensol’s growing expertise as a provider of comprehensive, end-to-end solar solutions for Commercial, industrial and Corporates to meet their Sustainability and Energy transition commitment. It will play a vital role in advancing India’s clean energy transition, aligning with our firm commitment to contributing to the low-carbon energy mix. We look forward to further collaborating with the state of Punjab and the Steel Industry to support and enhance India’s renewable energy goals and decarbonize the supply chain & manufacturing.”

By leveraging its expert design and execution capabilities, Gensol said that it will ensure optimal capture and utilization of solar energy that will help the customer make its manufacturing processes more sustainable and responsible. Established in 2012, Gensol Engineering Limited, is an Indian renewable energy sector specialising in solar power engineering, procurement, and construction (EPC) services, along with electric mobility solutions.

Gensol boasts a diverse team of over 500 professionals across Solar (Gensol Solar EPC (India & Middle East) and Scorpius Trackers), EV leasing (Let’sEV) and EV Manufacturing (Gensol EV). It has successfully executed over 770 MW of diverse solar projects, encompassing rooftop, ground mount, and floating solar installations across almost all states of India. 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 established an 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.