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Gensol eyes 100-MW solar rooftop capacity by Mar'19

Press Trust of India  |  Mumbai 

Solar advisory firm Gensol group is planning to expand its solar rooftop portfolio to around 100 MW by March 2019, mainly through brownfield expansion, a top said.

The company currently has two verticals in the rooftop business - EPC, where it only does the construction part of a project, and Resco, where it owns the assets.

"Our business is very young, as we started it about four to five months back. Currently we have an installed capacity of 10 MW and a pipeline of 20 MW. We are hoping to take this to 100 MW by March next year," Gensol group founder and told here.

He said the company is planning to buy rooftop solar assets across the country to increase its portfolio.

"There are a number of projects from 2 MW to 5 MW which are at good locations but not making good returns. We are looking at such assets to create a good IPP (independent power producer) portfolio," Jaggi said.

The company plans to be in the top three solar rooftop players in the country by next year, he added.

The company also plans to invest Rs 50 crore every month to scale up its business, he said, adding, "We are aiming at cracking at least one deal every month."

On the side, Jaggi said the company is doing about 30-40 MW every year.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, June 12 2018. 19:20 IST