Gensols Scorpius Trackers emerges as key player in solar tracking industry
Gensol acquired a substantial 54.38 per cent stake in Scorpius Trackers Private Ltd, totalling Rs 135 crore, in September last year.
Homegrown Gensol Engineering Ltd's subsidiary Scorpius Trackers has emerged as a key player in the global solar tracking industry. The company, in an exchange filing, said that its subsidiary has reached a milestone of over 1000 MW in contracted orders across India, Japan, Saudi Arabia and Uganda.
Commenting on the development, Shailesh Vaidya, CEO, of Scorpius Trackers, said that the company remain committed to collaborating with global and local partners to accelerate the world's energy transition journey.
The company's client portfolio includes ReNew, Hero Future, Shapoorji, Tata Power, Engine, Sterling Wilson, Azure Power, Kosol Energy and many others.
It is worth mentioning that Gensol acquired a substantial 54.38 per cent stake in Scorpius Trackers Private Ltd, totalling Rs 135 crore, in September last year.
What are Solar Trackers
A solar tracker is a sophisticated mechanical device that orients a payload - usually solar panels - towards the sun. They generate more electricity than the fixed solar tracking systems due to an increased direct exposure to solar rays.
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