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Gensol Engineering Bags ₹1061.97 Cr EPC Contract for 275MW Solar PV Project in Gujarat
Team Finance Saathi
06/Jan/2025
What's Covered Under the Article:
- Gensol Engineering secures a ₹1061.97 crore EPC contract for a 275MW solar PV project in Gujarat.
- The project is part of the RE Solar Park in Khavda Rann of Kutch, emphasizing renewable energy growth.
- The contract includes three years of operation and maintenance, highlighting Gensol's commitment to clean energy.
Gensol Engineering Ltd., a prominent player in the renewable energy sector, has made significant strides in the industry with the recent award of an EPC contract for a 275MW Solar PV Project at RE Solar Park in Khavda Rann, Kutch, Gujarat. This prestigious project, secured from a renowned Public Sector Undertaking, is valued at INR 1061.97 crores (including GST), encompassing both the development of the solar power plant and three years of operation and maintenance (O&M) services.
A Major Milestone for Gensol Engineering
As India's demand for clean and sustainable energy continues to rise, this contract represents a major milestone for Gensol Engineering Ltd. The company, known for its expertise in solar power engineering, procurement, and construction (EPC) services, has been making significant contributions to the growth of the solar energy sector. Securing a project of this magnitude further solidifies its leadership position in the industry.
Commenting on the development, Shilpa Urhekar, the Chief Executive Officer of Solar EPC (India) at Gensol Engineering Ltd., expressed her excitement about the partnership. She said, “Starting Calendar Year 2025 on a high note, we have been awarded this prestigious contract for a solar PV project at RE Solar Park, Khavda Rann. This partnership holds immense value for us, and we are grateful for the trust and confidence placed in us by such a significant renewable energy corporation.”
Gensol Engineering’s Vision for Sustainable Energy
This project is an important part of Gensol's commitment to advancing the renewable energy sector in India. The company’s expertise in developing large-scale solar projects positions it as a key player in the country’s clean energy revolution. With innovative technologies and a strong focus on excellence, Gensol is contributing to India's clean energy goals and is dedicated to creating a greener future for the nation.
Gensol’s approach to solar energy development aligns with the Indian government’s focus on expanding the solar power capacity to meet the country’s growing energy needs. The company’s strategic commitment to solar power and other clean energy solutions supports India’s long-term vision for sustainable development.
Gensol's Expanding Portfolio
In addition to solar power projects, Gensol Engineering Ltd. has diversified its offerings to include electric mobility solutions and energy storage systems. The company has also ventured into the development of green hydrogen production infrastructure on a turnkey basis, further establishing its presence in clean energy solutions.
As part of its comprehensive approach to renewable energy and sustainability, Gensol has been continuously innovating and expanding its capabilities. The acquisition of Scorpius Trackers in September 2023 added to its capabilities, offering world-class solar tracking solutions to enhance its solar project efficiency.
The Role of Gensol Engineering in India's Energy Future
The development of solar projects like the one in Khavda Rann plays a significant role in India's future energy landscape. By leveraging its expertise in engineering, procurement, and construction, Gensol Engineering is helping drive the nation’s transition toward cleaner energy sources. The company’s efforts contribute to the reduction of carbon emissions and support the government’s targets for renewable energy generation.
This EPC contract not only strengthens Gensol’s position in the Indian solar market but also reflects the growing importance of renewable energy in shaping the country’s energy future. As India continues to prioritize solar power in its national energy mix, Gensol Engineering is poised to play a crucial role in this transformation.
Gensol's commitment to sustainable energy solutions is evident in every aspect of its operations, from solar power projects to electric vehicle solutions and energy storage systems. By embracing a holistic approach to renewable energy and electric mobility, Gensol is contributing to the overall growth of India's energy sector.
As the company continues to expand its footprint in India’s renewable energy market, it remains dedicated to its mission of advancing solar energy, electric vehicles, and sustainable solutions for a greener and more energy-efficient future.