Gensol Engineering Limited, a leader in solar power engineering, procurement, and construction (EPC) services and the electric mobility sector, has been awarded an additional 250 MW (500 MWh) under the greenshoe option allotment from Gujarat Urja Vikas Nigam Limited (GUVNL) for its standalone Battery Energy Storage Systems (BESS) project. This allocation brings Gensol’s total BESS capacity for the project to 500 MW / 1000 MWh, elevating its BESS order book to over ₹3,100 Crore.
The project, including both the first and second tranches, is expected to generate a total revenue of ₹2,685 Crore over the 12-year Battery Energy Storage Purchase Agreement (BESPA) tenure. The BESS project will play a critical role in supplying electricity on an “On-Demand” basis to Gujarat State’s DISCOMs during peak and off-peak hours. This initiative aims to extend renewable energy availability beyond solar hours, fulfil Energy Storage Purchase Obligations, and enhance grid resilience.
Once commissioned at two Gujarat Energy Transmission Corporation (GETCO) substations, the project will deliver 500 MW/1000 MWh energy for two charge/discharge cycles per day. This strategic deployment is poised to significantly contribute to the stability and reliability of the energy grid in Gujarat.
Anmol Singh Jaggi, Managing Director of Gensol Engineering Limited, expressed his enthusiasm about the allotment: “We are proud to receive the second tranche under greenshoe option allotment from GUVNL, taking our BESS order book to over ₹3,100 Crore. Gensol is committed to supporting India’s energy transition goals through innovative and sustainable solutions. Emerging as a successful bidder and being awarded additional allotment 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.”
