Gensol Engineering Ltd. has won the bid for 116 megawatt solar projects in Gujarat, securing a contract worth Rs 600 crore. These projects will be distributed across 27 locations under the Paschim Gujarat Vij Co., the state electricity distribution company, according to an exchange filing on Monday.
Solarising Agricultural Feeders
The primary aim of these projects is to achieve feeder-level solarisation. This involves installing solar projects at the feeder level to meet the annual power needs of agricultural loads. The initiative can be implemented using already separated feeders or those primarily dedicated to agriculture from a distribution substation. This approach aligns with the broader goals of enhancing energy efficiency and reducing dependency on conventional energy sources.
Major Investment in Energy Storage
In addition to the solar projects, Gensol Engineering also received a significant battery storage project from Gujarat Urja Vikas Nigam Ltd., valued at Rs 1,340 crore. This project will provide 250 MW of energy for two charge/discharge cycles per day. This investment underscores the growing importance of energy storage solutions in balancing supply and demand, ensuring grid stability, and enhancing the overall efficiency of renewable energy systems.
Leading in Renewable Energy Solutions
Gensol Engineering has established itself as a major player in the renewable energy sector. The company specializes in solar power engineering, procurement, and construction services, as well as electric mobility solutions. Their expertise and strategic investments in solar energy and energy storage align with the evolving energy market trends and green energy policies aimed at fostering sustainable development.
By securing these projects, Gensol Engineering not only strengthens its market position but also contributes to the broader vision of expanding solar energy infrastructure in India. The focus on solar technology and energy storage developments is crucial for meeting the increasing demand for renewable energy and achieving long-term sustainability goals.
This strategic move reflects the company’s commitment to driving solar energy investment and advancing solar technology in alignment with the latest solar market analysis.
Source：bloombergquint.com
