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Gensol Engineering enters into U.S. market with launch of Delaware-based subsidiary

28 Aug 2024 Evaluate

Gensol Engineering has entered into U.S. market with the launch of its Delaware-based subsidiary, Scorpius Trackers Inc. With this, Scorpius is set to debut its state-of-the-art tracker technology at the RE+ Conference in Anaheim, September 9 - 12, 2024, with subsequent showcase planned in Austin and San Diego. The first U.S. office of Scorpius Trackers will be strategically located in California, positioning the company at the heart of one of the most dynamic renewable energy markets globally.

This strategic move marks Scorpius’ commitment to leverage the vast potential of the U.S. solar tracker market, which is the largest in the world and deploys trackers aggregating over 25,000 MW annually. Importantly, the U.S. tracker market is growing at a robust CAGR of more than 20%. With an ambitious goal to supply over 2,000 MW annually by 2028, Scorpius Trackers Inc. aims to capitalize on its (Scorpius India) decade long experience and 1,000 MW+ of contracted orders across key markets including India, Africa, Japan, and the Middle East. The company’s advanced technology, designed to perform optimally on both flat and undulating terrains, coupled with its competitive pricing, is set to drive this growth.  

Gensol Engineering is engaged in providing technical due diligence, detailed engineering, quality control, construction supervision, and other consulting services for solar projects across many countries, including India.

Peers
Company Name CMP
Larsen & Toubro 3847.50
Kalpataru Projects 1387.95
NCC 132.20
Rail Vikas Nigam 205.15
KEC International 395.30
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