Rays Power Infra Acquires 520 MW Solar Projects In Assam, Gujarat

Rays Power Infra Acquires 520 MW Solar Projects In Assam, Gujarat

Renewable Energy sector company, Rays Power Infra announced it has acquired three significant solar projects with a combined capacity of 520MWp. The company’s latest ventures into the renewable markets of Gujarat and Assam mark its operational expansion to 14 states throughout India.

“These projects are a testament to the company’s expanding influence and commitment to sustainable energy, having been awarded by two Central Public Sector Undertakings (CPSUs) and one international renewable energy developer,” said the company statement.

Rays Power Infra is also actively seeking additional opportunities in the solar EPC domain, with bids submitted for projects in various locations including India, Mauritius, Liberia, Bangladesh, and Sierra Leone. The total value of these bids exceeds Rs 3,400 crore. The financial details of the newly secured projects were not disclosed.

According to the statement, Rays Power Infra Ltd announces the acquisition of three orders in its solar EPC (Engineering Procurement Construction) business totaling 520 MWp, two from a renowned CPSU (Central Public Sector Undertaking) and another from a global renewable energy developer.

This strategic move not only highlights Rays Power Infra’s pivotal role as an Engineering Procurement Construction (EPC) service provider but also its dedication to supporting India’s green energy objectives.

Rays Power Infra is also actively seeking additional opportunities in the solar EPC domain, with bids submitted for projects in various locations including India, Mauritius, Liberia, Bangladesh, and Sierra Leone. The total value of these bids exceeds Rs 3,400 crore, reflecting the company’s ambitious growth plans and commitment to bolstering renewable energy infrastructure worldwide.

Apart from this, Rays Power Infra Ltd has entered into a Memorandum of Understanding (MoU) with the Uttarakhand Government to build a 500 MW solar park. The firm has initiated the development and execution of solar parks and plants aggregating to 2 GW with expected commissioning in the next two years. It is also developing large-scale solar parks in Rajasthan, which will be utilized for setting up utility-scale and C&I projects.