Gensol Engineering's Solar EPC Order Book Surpasses Rs 4,000 Crore as of September 2024

by Psu Connect
Date: 09-10-24

Established in 2012, Gensol Engineering Limited, is a leading player in the renewable energy sector specialising in solar power engineering, procurement, and construction (EPC) services, along with electric mobility solutions.

Gensol Engineering Limited, a leading player in the renewable energy sector specializing in solar power engineering, procurement, and construction (EPC) services, today announced that its solar EPC order book is INR 4,097 Crore representing 1.5 GW as of 30th September 2024. This substantial figure includes solar projects from both Public Sector Undertakings (PSUs) and private clients, to be executed within a timeline of 12 to 18 months.

Orders	Category	Order Value (INR Cr)
Order 1	PSU – IPP	1,001
Order 2 (Under Award)	PSU – IPP	782
Order 3	Private – IPP	463
Order 4	Private – IPP	344
Order 5	PSU – IPP	212
Order 6	PSU – IPP	168
Order 7	PSU – Hydrogen	164
Order 8	Private – IPP	114
Order 9	Private – IPP	114
Order 10	Private – C&I	59
Order 11	Private – C&I	46
All Other Orders Cumulative 1	PSU/ Private	686
Total Solar Order Book as on 30th Sep’24		4,097

1 Includes other solar EPC projects, Gensol MENA EPC and Scorpious Tracker

In addition to the above, Gensol has a strong bid pipeline that far surpasses the current orderbook.

Apart from the solar order book, Gensol has secured orders for Battery Energy Storage Systems (BESS) under the BOO model thereby boosting its revenue potential and reinforcing its commitment to advancing renewable energy, addressing intermittent nature of renewable energy (RE) sector.

Gensol’s revenue visibility summary as on 30th September 2024:

S. No.	Business segment	Revenue Visibility (INR Crore)
1	Solar EPC – unexecuted order book	4,097

2	Battery Energy Storage System (over 12 years)	3,138
3	Solar Power Generation (over 25 years)	1,820
	Total Order Book	9,055

About Gensol Engineering Limited:

Established in 2012, Gensol Engineering Limited, is a leading player in the renewable energy sector specialising in solar power engineering, procurement, and construction (EPC) services, along with electric mobility solutions. Gensol boasts an experienced and diverse team of over 500 professionals across Solar (Gensol Solar EPC (India & Middle East) and Scorpius Trackers), EV leasing (Let’sEV) and EV Manufacturing (Gensol EV).

Gensol Solar EPC, amongst the top 10 EPC players in India, and top 5 in terms of independent EPC players, have successfully executed over 770 MW of diverse solar projects, encompassing rooftop, ground mount, and floating solar installations across almost all states of India. In Sep 2023, Gensol acquired Scorpius Trackers, an innovative and world-class bankable single-axis solar tracking solution provider, to enhance its offerings in the renewable energy sector. Venturing beyond solar, Gensol has established a state- of-the-art electric vehicle (EV) manufacturing facility in Chakan, Pune (India), with a production capacity of 30,000 vehicles per annum. Meticulously designed and engineered to seamlessly integrate into urban fleet and cargo segments, with future plans for urban passenger usage, Gensol EV has received the Automotive Research Association of India (ARAI) certification for the vehicle.

In pursuit of revolutionising India's EV landscape, Gensol not only manufactures but also provides comprehensive EV leasing solutions, catering to a diverse clientele that includes PSUs, educational institutions, government entities, multinational corporations, ride-hailing services, employee transport companies, rental services, logistics, and last-mile delivery enterprises. Making a significant impact on the Indian energy market by providing innovative and sustainable solutions, Gensol is also contributing to the future of Battery Energy Storage Systems (BESS) in India by offering state-of-the-art energy storage solutions combined with advanced energy management systems, ensuring compliance with rigorous availability and efficiency standards. Gensol is involved in developing Green Hydrogen Production infrastructure on Turnkey basis through EPC.