Gensol secures additional 250 MW/500 MWh in GUVNL’s battery storage project


Gensol Engineering Ltd, a solar power EPC services and electric mobility solutions provider, has been allotted 250 MW/500 MWh under green shoe option in Gujarat Urja Vikas Nigam Ltd’s standalone battery energy storage systems (BESS) project. With this, it has secured the full project capacity (including green shoe option) of 500 MW/1,000 MWh. The allotment also takes Gensol’s cumulative BESS orderbook to over INR 3,100 crore ($371.59 million).

The GUVNL project, including first and second tranche, will generate a total revenue of INR 2,685 crore over the 12-year battery energy storage purchase agreement (BESPA) tenure.

The project will supply electricity on an “on-demand” basis to Gujarat State’s discom during peak and off-peak hours, thereby extending renewable energy availability beyond solar hours, fulfilling energy storage purchase obligations, and enhancing grid resilience. The project, once commissioned at two Gujarat Energy Transmission Corp. (GETCO) substations, will deliver 500 MW/1,000 MWh energy for two charge/discharge cycles per day.

This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact:

Popular content

Alpex Solar appoints global head of EPC business
11 July 2024 Alpex Solar Ltd has appointed Gaurav Bector as the global head of its EPC (engineering, procurement and construction) business as the company looks to...