Rays Power Infra Limited has inked a Memorandum of Understanding (MoU) with the Uttarakhand government for the development of a colossal 500 MW solar park within the state. This significant solar project is poised to play a pivotal role in meeting a substantial portion of Uttarakhand’s energy requirements, simultaneously catalyzing economic growth and bolstering environmental conservation efforts.
Rays Power Infra Limited, a formidable player in the renewable energy sector, presently manages a solar portfolio boasting an impressive 1.3 GWp in capacity. The company is actively advancing the development and execution of solar parks and plants, with an aggregate capacity of 2 GWp expected to be operational within the next two years. Furthermore, the company is actively involved in the establishment of substantial solar parks in Rajasthan, designed to cater to utility-scale, commercial, and industrial projects. Beyond India’s borders, Rays Power Infra has successfully executed large-scale solar ventures in Vietnam and Bangladesh, with ambitious plans to expand its presence across Asia, as well as the Middle East and North Africa regions.
This announcement comes on the heels of Rays Power Infra’s January 2023 MoU with the Rajasthan government for the construction of a photovoltaic power station. In August 2022, the company celebrated the inauguration of a 150 MW grid-connected solar project in Raichur and Koppal, Karnataka, further solidifying its reputation as a pioneering force in the renewable energy sector.
