Gensol Engineering Limited received a Notification of Award for engineering, procurement and construction (EPC) for the solar plant in Khavda renewable energy power park in Gujarat. The solar pant will be constructed at an investment of Rs 4.63 billion. They will also be responsible for erection, testing and commissioning of the project. The project will have a fixed tilt module mounting structure.
Gensol works in the renewable energy sector and is focused mainly on solar energy, EPC services and electric mobility solutions.
In July 2024, they were the winning bidders for 116 MW solar projects in Gujarat.
In June 2024, Gensol Engineering Limited bagged 250 MW/ 500 MWh standalone battery energy storage system (BESS) tender, Phase III, worth Rs 13.4 billion. Awarded by Gujarat Urja Vikas Nigam Limited (GUVNL), the project will be developed by Gensol on the basis of build, own, and operate model. The project will supply 250 MW/500 MWh energy for two charging and discharging cycles each day. In the same month, the company was awarded an additional 250 MW/500 MWh through the greenshoe option, expanding their BESS project to a total of 500 MW/ 1,000 MWh. The project awarded by GUVNL, comprising both first and second tranche, is expected to generate total revenue of Rs 26.85 billion over the 12-year battery energy storage purchase agreement duration.
The project will provide power on an on-demand basis to state discoms of Gujarat during peak and off-peak hours, thereby extending the availability of renewable energy beyond solar hours. It will fulfill energy storage purchase obligations and improve grid resilience. Once operational at two Gujarat Energy Transmission Corporation substations, the project will provide 500 MW/1,000 MWh of energy through two charge/discharge cycles daily.
