Apart from the MoU signed, the company has already started construction of 500 MW of solar energy, with expected commissioning in the next nine months
Renewable energy firm Rays Power Infra has signed a memorandum of understanding (MoU) with the Rajasthan government to build a 500 MW solar park.
The company said in an official statement that the parties finalised the agreement during the ongoing Dubai Expo to reduce traditional electricity consumption derived from non-renewable sources.
“…We are thrilled that the Rajasthan government decided to support our vision and signed an agreement to build a 500 MW Solar Park in the state. This MoU is an instrumental step towards eco-friendly tomorrow, and we are pleased to be a part of this initiative,” Pawan Sharma, Director- Rays Power Infra, said.
Apart from the MoU signed, the company has already started construction of 500 MW of solar energy, with expected commissioning in the next nine months to offset the power requirements of 50 per cent for corporate customers and 50 per cent for utility projects.
Out of this 500 MW, 220MW would be developed in India, and the remaining 280 MW will add to the brand’s international portfolio.
The company also has a presence in Vietnam and Bangladesh, where they have recently installed large-scale solar projects.
Rays Power Infra is expanding its presence across Asia, Africa, and Australian regions.
Rays Power Infra was established in 2011 and has since created a commissioned 1 GW portfolio.
The company is now an established player in turnkey solar EPC services, catering to the increasing renewable energy demands in the country.