Solar major Rays Power Infra to come up with retail stores in India.
Indian solar developer and EPC firm Rays Power Infra has entered the retail solar segment focusing on PV for homeowners and small-scale commercial establishments, through its group company Rays Future Energy.
In a recent report, PV Tech has reported that the company plans to launch around 10 operational stores in the first year of its operations, and expand to over 70 stores by 2020 covering major cities in India.
The solar development firm will commence its first outlet in Gurgaon by the end of November 2018. It will sell various solar-powered products to customers including solar modules, inverters, solar street and garden lights, solar lanterns and bags among others.
Rays Solar Experience Centers will also be set up to provide plug-n-play solar power packs (2kW to 20kW) for residential rooftops. The firm expects to start offering batteries and other energy storage solutions in the future, as well as to work with medium-sized companies.
Rahul Mishra, CEO of Rays Future Energy informed that the distributed (rooftop) solar business in India is yet to witness the growth it has promised. According to him the sector needs organized private participation from large players to provide quality energy solutions for the residential segment to unlock the large potential that Indian markets offer.
Mishra further stated that the company has decided to step into the B2C retail segment and offer simplified energy solutions for retail consumers at their doorstep through our energy experience centers.