Gensol Engineering secures Rs 520 crore solar project in Maharashtra

Gensol Engineering Limited, a solar power engineering, procurement, and construction (EPC) services and electric mobility sector company, has secured the largest-ever turnkey EPC order in size and value from a leading power generation utility in the state of Maharashtra. 

According to an exchange filing, the project involves the development of a 100 MWAC/135 MWp ground-mount solar PV power project across 500 acres in Maharashtra with a total order value of INR 520 Crore. 

"The project aligns with the futuristic policy introduced by the Ministry of New and Renewable Energy (MNRE) in April 2022 and is aimed to enhance Maharashtra's energy infrastructure while
contributing significantly towards India's sustainable energy goals," the company said.

Earlier on Thursday, the company announced the commissioning of a 10.6-megawatt rooftop solar project in Madhya Pradesh. The bi-facial solar project is located at Budhni textile unit of Trident Ltd in Madhya Pradesh.

The plant equipped with close to 20,000 solar panels is expected to offset close 11,000 tonnes of carbon dioxide emissions annually, Gensol Engineering said in a statement. Bi-facial solar system comprises a solar panel which captures sunlight from both surfaces and produces power from two sides.

Ali Imran Naqvi, CEO (EPC Business), Gensol, said, "This project ranks among the top five biggest rooftop solar ventures globally utilising a rooftop area exceeding 70,000 square meters." Gensol Engineering has an EPC order book of more than Rs 1,000 crore.

The company is a part of the Gensol group of companies which offers EPC (Engineering, Procurement and Construction) services for the development of solar power plants. It has also established an electric vehicle (EV) manufacturing facility in Pune.