Gensol Engineering, Rayzon Solar secure solar project contracts
Author: PPD Team Date: February 7, 2025
Gensol Engineering Limited has been awarded an engineering, procurement, and construction (EPC) contract valued at approximately Rs 9.679 billion (inclusive of goods and services tax) for a 245 MW solar photovoltaic project at the Khavda Renewable Energy Power Park in Gujarat.
The contract, secured from a public sector undertaking, also includes three years of operations and maintenance services.
Rayzon Solar has secured a contract to manufacture and supply 280 MWp of its Tunnel Oxide Passivated Contact (TOPCon) solar panels for a photovoltaic project by Mahindra Susten. The company’s n-type 16-busbar TOPCon modules are designed for high energy output, with over 22.65 per cent efficiency, improved temperature tolerance, and lower degradation rates compared to conventional panels.
The modules will be produced at Rayzon Solar’s existing 6 GW manufacturing facility in Gujarat, with plans to expand its production capacity to 13 GW by 2026 in a phased approach.