Gensol Engineering powers ahead with two major solar EPC contracts in India

Gensol Engineering Limited has achieved a significant milestone in India’s renewable energy landscape by securing two substantial EPC (Engineering, Procurement, and Construction) contracts, marking a pivotal advancement in the country’s sustainable energy transition. The contracts, valued at ₹337.7 crores, underscore Gensol’s growing influence in the renewable energy sector and its commitment to supporting India’s green energy objectives.

The first contract involves a 250 MWac/350 MWdc ISTS solar power project in Rajasthan, a testament to Gensol’s emerging leadership in the solar industry. This project highlights the company’s ability to tackle large-scale renewable energy initiatives, bolstering India’s efforts to harness solar energy. The second contract for a 50MWac/72.5MWdc solar power project in Maharashtra further solidifies Gensol’s position as a key player in the domain, contributing to the diversification of India’s energy portfolio towards more sustainable sources.

Ali Imran Naqvi, CEO of Gensol Engineering Limited’s EPC Business, expressed enthusiasm about the new projects, stating, “Winning these projects is a significant milestone for Gensol Engineering Limited, indicating a major expansion in our operational capabilities and project scale.” He emphasized the strategic importance of these contracts in entering high-growth regions and the trust placed in Gensol by the project developers for their maiden greenfield solar projects in India.

The contracts cover comprehensive services, including design, engineering, procurement, construction, and commissioning, with modules provided as free-issue items. This approach not only highlights Gensol’s extensive expertise but also its dedication to delivering high-quality, efficient renewable energy solutions.

Gensol Engineering Limited’s recent contracts for solar projects in Rajasthan and Maharashtra are a clear indicator of the company’s escalating role in India’s renewable energy sector. By taking on projects of such magnitude, Gensol is not only contributing to the national energy transition but is also setting a benchmark for excellence and innovation in solar power development. These projects will likely have a transformative impact on local communities and the broader energy ecosystem, driving further investments and interest in sustainable energy solutions across India.