Gensol Engineering wins bidding for Rs 1,340 cr energy storage project
The project will supply electricity on an ‘on-demand’ basis to Gujarat State’s DISCOMs during peak and off-peak hours, thereby extending renewable energy availability beyond solar hours. Representative Picture
Gensol Engineering on Wednesday said it has emerged as a successful bidder for Gujarat Urja Vikas Nigam’s 250 MW (500 MWh) Battery Energy Storage Project worth Rs 1,340 crore.
The project will supply electricity on an ‘on-demand’ basis to Gujarat State’s DISCOMs during peak and off-peak hours, thereby extending renewable energy availability beyond solar hours, fulfilling energy storage purchase obligations, and enhancing grid resilience, a company statement said.
According to the statement, Gensol Engineering — a pioneer in solar power engineering, procurement, and construction (EPC) services and electric mobility sector — emerged as a successful bidder for 250 MW/500 MWh standalone battery energy storage systems (BESS) project from Gujarat Urja Vikas Nigam Ltd (GUVNL).
The project will deliver 250 MW/500 MWh energy for two charge/discharge cycles per day.
Gensol Engineering Managing Director Anmol Singh Jaggi said in the statement, “Securing this project enables us to make a significant impact on the Indian energy market while solidifying our position as a leading industry player in the renewable energy landscape, propelling the future of BESS in India.
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First Published: Jun 12 2024 | 9:59 PM IST