gensol

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Strong Solar EPC Business Growth Drives Gensol’s Profit Up 29% in Q2 FY 2025

Solar energy solutions provider Gensol Engineering reported a consolidated revenue of ₹34.7 billion (~$416 million), a 14% year-over-year (YoY) increase from ₹30.5...

October 30, 2024

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Gautamee Hazarika

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Markets & Policy

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Solar
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Daily News Wrap-Up: Solar Corporate Funding Fell 23% in 9M 2024

Total corporate funding, including venture capital, public market activity, and debt financing for the solar sector, reached $22.3 billion in the first nine months (9M)...

October 22, 2024

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Mercom Staff

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Daily Wrap-up
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Gensol Bags 23 MW Rooftop Solar Contract in Dubai

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...

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Daily News Wrap-Up: APTEL Rejects Plea for Interim Relief in Tariff Dispute

The Appellate Tribunal for Electricity (APTEL) has rejected ReNew Naveen Urja’s petition for interim relief against the Central Electricity Regulatory Commission’s...

September 16, 2024

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Mercom Staff

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Daily Wrap-up
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Daily News Wrap-Up: NHPC’s 1.2 GW FDRE Auction Results

Essar Renewables, Juniper Green Energy, Serentica Renewables, Hexa Climate Solutions, and Avaada Energy are winners in NHPC’s auction to supply 1,200 MW of firm and...

September 13, 2024

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Mercom Staff

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Daily Wrap-up
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Gensol-Matrix Consortium Selected to Develop Green Hydrogen Valley in Pune

A consortium of engineering and consulting firm Gensol Engineering and hydrogen infrastructure developer Matrix Gas & Renewables has been selected to set up...

September 12, 2024

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Arjun Joshi

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Other

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Tenders and Auctions
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Gensol Enters US Market with Solar Trackers Subsidiary Scorpius

Energy solutions provider Gensol Engineering has entered the U.S. market with the launch of its Delaware-based subsidiary, Scorpius Trackers. The launch marks the...

August 28, 2024

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Tina Freese

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Solar
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Daily News Wrap-Up: Rajasthan First State with 50% Solar in Power Mix

Rajasthan has become the first state in India to achieve more than 50% solar in its total installed power capacity, according to Mercom’s India Solar Project Tracker....

August 16, 2024

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Mercom Staff

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Daily Wrap-up
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Gensol-Matrix Gas Consortium Wins 237 MW Hydrogen Electrolyzer Bid

Engineering and consulting firm Gensol Engineering has emerged as the winning bidder for a 237 MW hydrogen electrolyzer manufacturing capacity under the Production...

August 14, 2024

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Gautamee Hazarika

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Other

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Renewable Energy
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Daily News Wrap-Up: SAEL, NTPC, BluPine Win SECI’s 1.2 GW Solar Auction

SAEL Industries, NTPC Renewable Energy, and BluPine Energy were winners in Solar Energy Corporation of India’s auction to set up 1.2 GW of interstate transmission...

August 14, 2024

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Mercom Staff

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Daily Wrap-up
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Gensol Doubles Revenue in Q1 FY25 with 105% YoY Growth

Engineering and consulting firm Gensol Engineering reported a 105% year-over-year (YoY) increase in revenue to ₹2.97 billion (~$35.3 million) in the first quarter (Q1)...

August 13, 2024

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Gautamee Hazarika

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Market & Policy

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Renewable Energy
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Gensol Wins GUVNL’s 500 MWh BESS Auction at a Record-Low Tariff

Gensol Engineering won Gujarat Urja Vikas Nigam’s (GUVNL) auction to set up pilot projects of 250 MW/500 MWh standalone battery energy storage systems (BESS) in Gujarat...

June 12, 2024

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Arjun Joshi

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Energy Storage

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Tenders & Auctions
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Daily News Wrap-Up: SECI Invites Bids for 500 MW Wind Projects

Solar Energy Corporation of India (SECI) has invited bids to select wind power developers to set up 500 MW ISTS-connected wind power projects anywhere in India...

May 31, 2024

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Mercom Staff

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Daily Wrap-up
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Gensol Engineering’s Q4 Profit Soars 310% YoY to ₹348.2 Million

Engineering and consulting firm Gensol Engineering posted a net profit of ₹348.2 million (~$4.1 million) during the fourth quarter (Q4) of 2024, a year-over-year (YoY)...

May 30, 2024

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Gautamee Hazarika

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Markets & Policy

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Solar
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Gensol Commissions 10.6 MW Rooftop Solar Project for Trident Group

Solar engineering, procurement, and construction (EPC) service provider Gensol Engineering has commissioned a 10.6 MW rooftop solar project for Trident’s Budhni...

March 21, 2024

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Arjun Joshi

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C&I

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Rooftop

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Solar

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