Gensol Engineering Ltd. Triumphs in Gujarat’s Solar Energy Sector: Securing 70 MW / 140 MWh Standalone BESS Contract

Gensol Engineering Ltd. Secures Major Contract for Standalone Battery Energy Storage Systems (BESS) Project in Gujarat

Gensol Engineering Ltd., renowned for its expertise in solar power engineering, procurement, and construction (EPC) services, alongside its endeavors in the electric mobility sector, has clinched a significant achievement by emerging as the top bidder (L1) for a substantial portion of a standalone Battery Energy Storage Systems (BESS) project. The project, amounting to 70 MW / 140 MWh out of a total capacity of 250 MW/500 MWh, is set to be developed by Gensol under a Tariff-Based Global Competitive Bidding model, catering to the energy storage needs of Gujarat Urja Vikas Nigam Limited (GUVNL) on-demand basis.

Upon completion, the project will play a crucial role in providing electricity on-demand to Gujarat State’s DISCOMs during both peak and off-peak hours. It is designed to deliver 70 MW / 140 MWh of energy for two charge/discharge cycles daily, making a significant contribution of INR 450 Crore to Gensol’s revenue over the contract period.

The increasing global deployment of Battery Energy Storage reflects its pivotal role in integrating renewables and managing grid uncertainty. Gensol’s commitment to providing cutting-edge energy storage solutions, integrated with advanced energy management systems, underscores its ability to meet stringent performance metrics for availability and efficiency, addressing the growing demand for reliable energy storage solutions worldwide.

Securing this project underscores Gensol’s prowess in EPC and its strategic focus on integrating Advanced Chemistry Cell-based Energy Storage Systems into its value chain. As one of the pioneering standalone BESS projects in the country, this achievement signals a promising future for BESS, bolstered by strong policy support from the Government.

Mr. Ali Imran Naqvi, CEO of Gensol Engineering Limited (EPC Business), expressed confidence in the BESS market’s potential and Gensol’s pivotal role in shaping its trajectory: “This landmark project with GUVNL not only reaffirms Gensol’s expertise and reliability in the renewable energy domain but also sets the stage for our future endeavors. The BESS market is poised for exponential growth, and Gensol stands ready to lead this transformation. As pioneers in this field, we are committed to leveraging our comprehensive capabilities to drive innovation, sustainability, and value for all stakeholders.”

This significant win underscores Gensol’s unwavering commitment to supporting India’s energy transition goals through innovative and sustainable solutions, positioning the company as a frontrunner in the renewable energy landscape.