The contract is valued at approximately $123.8m, including three years of operations and maintenance (O&M). Credit: Quality Stock Arts / Shutterstock.

Solar energy solutions provider Gensol Engineering has won an engineering, procurement, and construction (EPC) contract for a 275MW solar photovoltaic (PV) project in Gujarat, India.

The contract, awarded by a public sector undertaking, is valued at approximately Rs10.619bn ($123.8m), including three years of operations and maintenance (O&M).

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The project is located at the RE Solar Park in Khavda Rann of Kutch.

Gensol Engineering Solar EPC (India) CEO Shilpa Urhekar said: “We have started calendar year 2025 on a high note. We have been awarded a prestigious solar PV project contract from a renowned public sector undertaking at RE Solar Park, Khavda Rann of Kutch, Gujarat.

“This partnership holds immense value for us, and we are grateful for the continued trust and confidence placed in us by such a large RE corporation.”

Last month, Gensol secured another contract from NTPC Renewable Energy Limited (NTPC REL) for the development of a 225MW-AC (equivalent to 276MWDC) grid-connected solar PV project at GSECL Solar Park (Stage-III), also in Khavda.

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This project has a total bid value of roughly Rs8.974bn, inclusive of taxes and duties, and includes three years of O&M.

As of October 2024, Gensol’s solar EPC order book stood at Rs54.24bn, encompassing projects from both public sector undertakings (PSUs) and private clients, set for completion within 12 to 18 months.

Additionally, Gensol has a “strong bid” pipeline that exceeds the current order book. Alongside solar projects, the company has secured orders for battery energy storage systems (BESS) under the BOO [build-own-operate] model, enhancing its revenue potential to advancing renewable energy and addressing the intermittent nature of the renewable energy sector.