Gensol Engineering Limited (BSE: 542851, NSE: GENSOL), a key player in India’s renewable energy sector, has entered a strategic INR 350 crore transaction for the sale of its US subsidiary, Scorpius Trackers Inc., to a major Renewable Energy Solutions provider in the United States. The deal, structured in two tranches, is set to be fully completed by March 2026, subject to due diligence and regulatory approvals.
As part of the agreement, the US entity will gain exclusive global intellectual property (IP) rights for Scorpius Trackers’ advanced solar tracking technology, except in India. This move aligns with Gensol’s strategy to monetize high-value assets, optimize capital, and strengthen its financial position. The proceeds from this transaction will be strategically reinvested to expand Scorpius Trackers’ operations in India, accelerate solar EPC business growth, and support broader clean energy initiatives.
Despite this sale, Scorpius Trackers Pvt. Ltd. in India remains a wholly owned subsidiary of Gensol Engineering. It will continue to innovate and lead in the Indian solar market, retaining exclusive IP rights for domestic projects. This ensures Gensol’s strong presence in one of the fastest-growing renewable energy markets globally.
By unlocking capital through subsidiary monetization, Gensol is reinforcing its capital-efficient growth strategy. With a diverse portfolio spanning solar EPC, tracker technology, electric mobility, and energy storage, the company is well-positioned for expansion and long-term shareholder value creation.
