Gensol Engineering Secures ₹186 Crore Contract for Rooftop Solar PV Systems in Dubai
Team FS
14/Oct/2024

What's covered under the Article:
1. Gensol Engineering has been awarded a contract worth AED 81.6 Mn for rooftop solar PV systems in Dubai.
2. The project, with a capacity of 23,178 kWp, will support Dubai's clean energy goals over a 20-month period.
3. CEO Kapil K Nirmal emphasizes the importance of this partnership in advancing sustainability in the region.
Gensol Engineering Limited (BSE: 542851, NSE: GENSOL), a leading player in the renewable energy sector, specializing in solar power engineering, procurement, and construction (EPC) services, is thrilled to announce a major milestone in its journey. The company has been awarded a prestigious contract by the UAE’s top sustainable development and clean energy company for the design, construction, and long-term operation and maintenance of rooftop solar photovoltaic (PV) systems. This project is specifically aimed at enhancing the engineering facilities of a leading aviation company in Dubai.
The project boasts a total installed capacity of 23,178 kWp (23 MWp), underscoring Gensol Engineering’s commitment to driving sustainability in the Middle East and contributing to the region’s transition towards cleaner energy sources. The contract, valued at AED 81.6 million (approximately ₹186 crore) plus taxes, is set to be executed over a 20-month period, illustrating the strategic nature of this undertaking.
Speaking about this landmark win, Kapil K Nirmal, CEO of Solar EPC (MENA) at Gensol Engineering Ltd., expressed his enthusiasm: "We are thrilled to partner with UAE’s leading sustainable development and clean energy development company on this landmark project. It reflects our ongoing commitment to delivering innovative and efficient solar EPC solutions in this region." This statement emphasizes Gensol’s strategic focus on the Middle East, aligning with Dubai's vision of becoming a global leader in clean energy by 2050.
The turnkey project will encompass various stages, including design, procurement of materials, construction, testing, commissioning, and the long-term operation and maintenance of the rooftop solar PV systems. These systems are set to provide a sustainable energy solution, significantly contributing to Dubai’s ambitious sustainability targets while helping to reduce the carbon footprint of one of the region’s most critical industrial facilities.
Gensol Engineering’s successful acquisition of this contract not only reinforces its position as a market leader in the solar energy sector but also demonstrates the increasing demand for renewable energy solutions across the region. With this project, Gensol is set to play a pivotal role in meeting the growing energy needs of Dubai while simultaneously promoting sustainability and clean energy initiatives.
As the world pivots towards renewable energy, projects like these are essential for ensuring a greener and more sustainable future. Gensol Engineering’s commitment to innovation and excellence in solar EPC services is paving the way for cleaner energy solutions in the Middle East.
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Gensol Engineering’s award of this significant contract not only highlights its growth potential but also illustrates the broader trend of increasing investment in renewable energy in the region. As the company moves forward, it will be exciting to observe how these developments impact its growth trajectory and influence the solar energy landscape in Dubai and beyond.
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