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Gensol-Matrix Consortium Wins 237 MW Capacity Under PLI Scheme

Gensol Engineering in collaboration with Matrix Gas & Renewables has announced that the consortium has secured 237 MW annual capacity under production linked incentive (PLI) scheme for setting up an electrolyzer manufacturing plant.

 

The Gensol-Matrix consortium has received a cumulative 300 MW capacity, including a prior 63 MW awarded in the first tranche of the SECI tender that equates to an incentive of Rs 450 crore under the production linked incentive (PLI) scheme. This bid was issued by the Solar Energy Corporation of India (SECI).

 

Gensol & Matrix, promoted by common promoters will continue to collaborate in initiatives for green hydrogen and its derivatives, including Green Steel and Green Ammonia domain, utilizing their respective expertise. The win strengthens its position in the sector and creates new avenues for growth in renewable energy.

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