Gensol Engineering Limited has successfully obtained a significant contract valued at AED 81.6 million (approximately ₹186 crore) for a 23 MWp rooftop solar project in Dubai. Announced on October 14, 2024, the company will be responsible for the design, construction, and maintenance of rooftop solar photovoltaic systems at the engineering facilities of a major aviation firm in the city.
During early trading, Gensol Engineering’s shares were priced at ₹851, reflecting an increase of ₹24.55 or 2.97 percent on the NSE as of 10 a.m. Awarded by a leading sustainable development and clean energy organization in the UAE, this project will be implemented over a span of 20 months. With a total capacity of 23,178 kWp, the initiative aims to support Dubai’s sustainability objectives and lower the carbon footprint of an essential industrial site.
Kapil K. Nirmal, CEO of Solar EPC (MENA) at Gensol Engineering, highlighted the project’s alignment with Dubai’s goal of becoming a global leader in clean energy by 2050. This contract enhances Gensol’s footprint in the Middle East and underscores its dedication to providing innovative solar EPC solutions in the region.
Gensol Engineering is a prominent Indian engineering and consultancy firm specializing in renewable energy solutions, particularly in solar power. Established in 2010, the company has made significant strides in the clean energy sector, offering a wide range of services, including project development, engineering design, and performance monitoring for solar photovoltaic systems.
Gensol is known for its commitment to quality and innovation, providing end-to-end solutions that enable clients to harness the benefits of sustainable energy. With a strong focus on research and development, the company continuously strives to improve energy efficiency and reduce costs for solar projects. Gensol’s expertise extends beyond solar energy, as it also engages in various engineering services across different sectors, contributing to India’s transition toward a greener and more sustainable energy future.
