Image: Jack Haskell, Flickr
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 the GSECL Solar Park (Phase III) in Khavda, Rann of Kutch.
The contract, which includes three years of O&M services, is worth approximately INR 8.97 billion ($104.7 million), including taxes and duties. NTPC REL and Gensol Engineering formalized the agreement last week.
Founded in 2012, Gensol Engineering specializes in sustainable energy solutions, with a focus on solar EPC services and electric mobility. It has completed over 770 MW of solar projects including rooftop, ground and pan-India solar installations.
In September 2023, Gensol acquired Scorpius Trackers, a provider of single-axis solar tracking solutions, to broaden its renewable energy capabilities. Gensol has also set up an electric vehicle manufacturing facility in Chakan, India, with an annual production capacity of 30,000 vehicles.
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