Gensol Engineering Enters US Market with New Subsidiary
ECONOMY & POLICY

Gensol Engineering Enters US Market with New Subsidiary

Gensol Engineering, a leading player in the renewable energy sector based in Gujarat, announced the establishment of a new subsidiary in the United States. The new arm, named Scorpius Trackers Inc, is set up with the goal of supplying over 2,000 MW of solar trackers annually by 2028 to major renewable energy markets.

The first office of Scorpius Trackers Inc. will be located in California, placing the company in one of the most dynamic renewable energy markets in the world. "Gensol Engineering announces entry into the US market with Scorpius Trackers Inc. With a goal to supply over 2,000 MW annually by 2028, Scorpius Trackers Inc aims to capitalize on its decade-long experience," the company said in a statement.

Gensol Engineering has more than 1,000 MW of contracted orders across key markets, including India, Africa, Japan, and the Middle East. The US solar tracker market, which is the largest in the world, deploys trackers aggregating over 25,000 MW annually and is growing at a robust compound annual growth rate (CAGR) of more than 20%, according to the company.

Known for its expertise in solar power EPC (Engineering, Procurement, and Construction) services and electric mobility solutions, Gensol Engineering continues to expand its presence in the global renewable energy landscape.

Gensol Engineering, a leading player in the renewable energy sector based in Gujarat, announced the establishment of a new subsidiary in the United States. The new arm, named Scorpius Trackers Inc, is set up with the goal of supplying over 2,000 MW of solar trackers annually by 2028 to major renewable energy markets.The first office of Scorpius Trackers Inc. will be located in California, placing the company in one of the most dynamic renewable energy markets in the world. Gensol Engineering announces entry into the US market with Scorpius Trackers Inc. With a goal to supply over 2,000 MW annually by 2028, Scorpius Trackers Inc aims to capitalize on its decade-long experience, the company said in a statement.Gensol Engineering has more than 1,000 MW of contracted orders across key markets, including India, Africa, Japan, and the Middle East. The US solar tracker market, which is the largest in the world, deploys trackers aggregating over 25,000 MW annually and is growing at a robust compound annual growth rate (CAGR) of more than 20%, according to the company.Known for its expertise in solar power EPC (Engineering, Procurement, and Construction) services and electric mobility solutions, Gensol Engineering continues to expand its presence in the global renewable energy landscape.

Next Story
Real Estate

The Only Way is Up!

In 2025, India’s real-estate market will be driven by a confluence of economic, demographic and policy-driven factors. Among these, Boman Irani, President, CREDAI National, counts rapid urbanisation, the rise of the middle class, policy reforms like RERA and GST rationalisation, and the Government’s decision to allow 100 per cent FDI in construction development projects (including townships, housing, built-up infrastructure, and real-estate broking services).In the top metros, especially Bengaluru, followed by Hyderabad and Pune, the key drivers will continue to be job creation a..

Next Story
Building Material

Organisations valuing gender diversity achieve higher profitability

The building materials industry is projected to grow by 8-12 per cent over the next five years. How is Aparna Enterprises positioning itself to leverage this momentum and solidify its market presence?The Indian construction and building materials industry is projected to witness significant expansion, with estimates suggesting an 8-12 per cent compound annual growth rate (CAGR) over the next five years. This growth is fuelled by rapid urbanisation, increased infrastructure investments and sustainability-focused policies. With India's real-estate market expected to reach $ 1 trillion by 2030, t..

Next Story
Real Estate

Dealing with Delays

Delays have beleaguered many a construction project in India, hampering the country from building to its ability and potential, and leading to additional costs incurred by the contractor. The reasons for delayIn India, delays mainly occur owing to obtaining statutory approvals, non-provisioning of right of way, utility diversion and approval of drawings and design. Delays are broadly classified based on responsibility and effect. Excusable delays arise from factors beyond the contractor’s control, such as force majeure events or employer-induced delays. These delays generally entitle th..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?