Gensol wins $104.7 million EPC deal for 225 MW of solar in India
28 December 2024
Gensol Engineering has agreed to develop a 225 MW (AC) grid-connected solar PV project in the Indian state of Gujarat under an EPC contract from NTPC Renewable Energy.
The project will be built at GSECL Solar Park (Stage-III) at Khavda, in the Rann of Kutch.
The contract, including three years of O&M services, is valued at approximately INR 8.97 billion ($104.7 million), inclusive of taxes and duties. NTPC REL and Gensol Engineering formalized the agreement last week.
Gensol Engineering, founded in 2012, specializes in renewable energy solutions, with a focus on solar EPC services and electric mobility. It has completed more than 770 MW of solar projects, including rooftop, ground-mount, and floating solar installations across India.
In September 2023, Gensol acquired Scorpius Trackers, a supplier of single-axis solar tracking solutions, to broaden its capabilities in renewable energy. Gensol has also set up an electric vehicle manufacturing facility in Chakan, India, with an annual production capacity of 30,000 vehicles.
Related
-
Poland seeks contractor for its new international airport
2 June 2025
-
GE Vernova’s H-Class gas turbines to expand Qurayyah power plant in Saudi Arabia
2 June 2025
-
Rabigh 2 Solar IPP: Aljomaih Energy Achieves $220M Financial Close for 300MW Plant
2 June 2025
-
TotalEnergies, RGE to develop solar-plus-storage in Indonesia
1 June 2025
-
Arctech to Supply 175 MW of Solar Trackers for Green Hydrogen Project in Oman
1 June 2025
-
Alstom invests $130m to expand railway production in Poland
1 June 2025