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
Infrastructure Energy

Maharashtra Clears Green Power Use For Data Centres

In a major policy boost for India’s expanding digital infrastructure, the Maharashtra government has approved a plan allowing data centres in Mumbai, Navi Mumbai, Thane, and surrounding regions to generate and distribute their own renewable energy. The state energy department issued an order enabling data centre parks and individual units, recognised by the industries department, to set up captive power generation and distribution facilities. The permission applies exclusively to renewable energy sources such as solar, wind, or hydro power. Industry experts have hailed the decision as tran..

Next Story
Real Estate

GHMC Launches Drive To Boost Property Tax Revenue

The Greater Hyderabad Municipal Corporation (GHMC) has launched a special campaign to enhance property tax revenue from non-residential and commercial properties by reassessing their total built-up area. Any discrepancies identified during inspections will trigger immediate revision of both property tax and trade licence fees, officials said. The initial phase of the drive focuses on shopping malls across Hyderabad, with over 300 such establishments identified in the twin cities. After the mall inspections, GHMC will extend the verification process to other non-residential properties, includi..

Next Story
Infrastructure Urban

Cholamandalam To Raise Rs 10 Billion Via NCD Issue

Cholamandalam Investment and Finance Company has invited bids to raise up to Rs 10 billion through secured non-convertible debentures (NCDs) maturing on 14 October 2030, offering a coupon rate of 7.58 per cent. The NCD issue, announced on Monday, comes at a time when corporate bond activity — which saw strong momentum in the first quarter of FY26 — has slowed during the second quarter owing to rising borrowing costs. However, market analysts anticipate a rebound in the coming months as easing bond yields could reignite investor appetite for corporate debt instruments. The company’s fu..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?