Gensol Bags 23 MW Rooftop Solar Contract in Dubai
The project is expected to be commissioned within 20 months
October 14, 2024
Gensol Engineering has bagged a $22.21 million contract to install rooftop solar systems of a total capacity of 23 MW in Dubai.
A sustainable development and clean energy development company in the United Arab Emirates awarded the company the contract to design, construct, operate, and maintain rooftop solar systems for the engineering facilities of an aviation company.
The project will be executed over 20 months.
Gensol Engineering specializes in solar power engineering, procurement, and construction (EPC) services and trick mobility solutions. It has executed over 770 MW of diverse solar projects, including rooftop, ground-mount, and floating solar installations across India.
The company said in a regulatory update that its solar EPC order book is ₹40.97 billion (~$487.13 million), representing 1.5 GW as of September 30, 2024. These solar projects from public sector undertakings and private companies will be executed over 12-18 months.
It said Gensol has secured orders for battery energy storage systems which will help address the intermittent nature of renewable energy.
In September 2023, Gensol acquired Scorpius Trackers, an innovative and world-class bankable single-axis solar tracking solution provider, to leverage the vast potential of the U.S. solar tracker market, which deploys trackers aggregating over 25,000 MW annually.
In the same month, a consortium of Gensol Engineering and Matrix Gas & Renewables, won an EPC contract from a power generation company to develop India’s first bio-hydrogen project.
The company also won Gujarat Urja Vikas Nigam’s auction in June to set up pilot projects of standalone battery energy storage systems of 250 MW/500 MWh. Gensol quoted a tariff of ₹372,978 (~$4,463)/MW/month to win the entire capacity.
In April 2024, Gensol Engineering commissioned a 10.6 MW rooftop solar project for Trident’s Budhni Textile Unit in Madhya Pradesh. The company claimed the project ranked among the top five biggest rooftop solar ventures globally, utilizing a rooftop area exceeding 70,000 square meters.