Gensol Designing added that it has secured an extra 250 MW/500 MW Battery Energy Storage System Project (BESS) from GUVNL, taking its order book to Rs 3,100 crore in the sector. Gujarat Urja Vikas Nigam Limited (GUVNL) had prior granted the organization a BESS project in a comparable limit.
"It has been allotted the greenshoe option of 250 MW/500 MWh by GUVNL to reach the 500 MW/1000 MWh BESS project. This takes its total BESS order book to over Rs 3,100 crore," Gensol Engineering said in an exchange filing.
The 500 MW/1,000 MW energy storage system means that 500 MW of battery power can provide power backup for more than an hour, resulting in a 1,000 MW total output. It added that the project, which includes the first and second tranches, will bring in Rs 2,685 crore in revenue over the 12-year Battery Energy Storage Purchase Agreement (BESPA) period.
It will supply Gujarat state's discoms with electricity "On-Demand" during peak and off-peak hours, fulfilling Energy Storage Purchase Obligations and enhancing grid resilience by extending renewable energy availability beyond solar hours.
The undertaking, once commissioned at two Gujarat Energy Transmission Company (GETCO) substations, will convey 500 MW/1000 MWh energy for two charge/release cycles each day. Gensol Designing is a main player in the renewable energy sector, gaining practical experience in solar power engineering, procurement and construction (EPC) administrations, alongside electric mobility solutions.
