Gensol Engineering Ltd, a renewable energy company specializing in solar power engineering, procurement, and construction (EPC) services, today announced that its solar EPC order book touched INR 4,097 crore as of Sept. 30, 2024. This includes 1.5 GW of solar projects from both public sector undertakings (PSUs) and private clients, to be executed within a timeline of 12 to 18 months.
Gensol stated it also 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 build-own-operate model.
As on Sept. 30 2024, Gensol has an overall revenue visibility of INR 9,055 crore with unexecuted solar EPC order book contributing INR 4,097 crore, battery energy storage systems (through 12-year offtake agreements) INR 3,138 crore, and solar power generation (over 25-years power purchase agreement period)-INR 1,820 crore.
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