Gensol wins phase III of GUVNL's 250 MW/500 MWh standalone BESS tender

Gensol Engineering has emerged victorious at the 250 MW/ 500 MWh standalone battery energy storage system (BESS) tender (Phase III) floated by Gujarat Urja Vikas Nigam Ltd (GUVNL). 

The company has been announced as the successful bidder for the second time, after securing 70 MW in the earlier 250 MW/500 MWh BESS tender (Phase II) a couple of months ago. 

Gensol has quoted a price of ₹3.72 lakhs ($4,452 ) per MW per month at the latest tender, which is about 17 percent lower than the quoted price ₹4.49 lakhs per MW per month in the Phase II of GUVNL's battery storage project tender announced early this year. 

Commenting on the development, Anmol Singh Jaggi, MD of Gensol, said, "Securing this project 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", as quoted by NDTV Profit. 

The battery project will supply power on-demand to the Gujarat's state-owned DISCOMs whenever needed depending on peak and lean demand hours, thereby enabling renewable energy even in those hours of limited or zero energy generation and enhancing grid resilience. 

GUVNL will now enter into a power purchase agreement with Gensol, who will establish the BESS on a build-own-operate (BOO) model. The company, known for solar EPC and e-mobility services, is also aimed at delivering state-of-the-art energy storage solutions and grid-scale energy management services in the country.