Gensol

Gensol Engineering is a pioneering force in the renewable energy sector, specializing in engineering, procurement, and construction (EPC) services for solar projects. Headquartered in Ahmedabad, Gujarat, India, Gensol operates globally, offering comprehensive solutions across the solar project lifecycle. The company is renowned for its expertise in executing turnkey projects, having installed over 700 MW of solar power across ground-mounted and rooftop installations.

Core Products/Services

• Solar EPC Services: Provides end-to-end engineering, procurement, and construction services for solar projects.

• Solar O&M Services: Offers operation and maintenance solutions to ensure optimal performance of solar assets.

• Solar Tracker Technology: Acquired Scorpius Trackers to enhance solar tracking capabilities.

• Electric Vehicles: Manufactures and leases EVs, catering to urban mobility needs.

Business Model & Revenue Streams

Gensol Engineering Limited generates revenue primarily through the following channels:

1. EPC Services: Direct sales of engineering, procurement, and construction services for solar projects.

2. Solar O&M Services: Recurring revenue from operation and maintenance contracts.

3. Solar Tracker Technology: Sales and servicing of solar tracking systems.

4. Electric Vehicle Manufacturing and Leasing: Revenue from the sale and leasing of electric vehicles.

Customer segmentation

• B2B Segments: Gensol’s core business is B2B, serving government departments, public sector undertakings (PSUs), large corporates, industrial clients, logistics companies, and fleet operators with turnkey solar solutions, advisory, and project management.

• B2C Segments : Personal Mobility & Retail Subscription: Gensol targets individual consumers, young families, university students, and small business owners through personal EV leasing and subscription models, especially in urban centers.

Growth Strategy

• Market Expansion: Continues to expand its solar EPC services globally while increasing its presence in the Indian EV market.

• Product Innovation: Invests in cutting-edge technologies like AI-powered digital asset performance management (APM) platforms and advanced solar tracking systems.

• Partnerships and Acquisitions: Forms strategic partnerships and acquires companies like Scorpius Trackers to enhance its offerings.

• Diversification: Expands into new energy solutions such as green hydrogen and battery energy storage systems (BESS).