Rays Power Infra is all set to build a 1,800 MW solar park in India.
The company with a global presence has already installed large-scale solar projects in Vietnam. It is one of the leading solar players in India with a commissioned 1.30 GWp portfolio.
For the latest project, it has inked a deal with the Rajasthan government to build an avant-garde PV power station. The project is estimated to be worth 9,140 crore Indian rupees.
“In accordance with India’s far-reaching goal of converting existing fossil-fuel energy generation into renewable energy output, the Solar Park will generate 1,800 MW of renewable power, divided among three 300 MW projects and one 900 MW project," the company mentioned in a statement.
Pawan Sharma, Director of Rays Power Infra, commented, “We are overjoyed that the Rajasthan government has opted to support our vision and has signed a deal to create an 1800 MW solar park in the presence of the state’s chief minister, Shri Ashok Gehlot. This MoU is an instrumental step towards eco-friendly tomorrow, and we are pleased to be a part of this initiative."
The company further stated that the agreement will further attract investors in expanding market leading to growth opportunities.
According to Rays Power Infra, it is engaged in the development and execution of solar parks and plants aggregating to 2.00 GWp which will come into operation within next two years.