nGurugram-based Rays Power Infra a solar power company is all set to invest an amount of over Rs 1,700 crore to develop and construct accumulative of 450MW solar projects under open access regulations selling power to commercial and industrial consumers as part of its IPP business.
The company has especifically planned to invest 600 Cr in Haryana. The projects are proposed to be located in Uttar Pradesh, Haryana, Andhra Pradesh, and Karnataka.
"Rays Future is committed to the success of the national solar power mission and we understand that going solar is the solution. The energy landscape is changing fast in
India and offering energy solutions to commercial & industrial consumers is becoming a prominent space. We are well placed to offer clean energy solution to our consumers both off-grid and on-grid." said Ketan Mehta, MD, Rays Power Infra.
The company has already started site activities on projects in the state of UP, Haryana and Karnataka. The company in the past has successfully developed and executed over 200 MW projects.
The company has also entered into the SouthEast Asian market and recently commissioned a 50 MW solar power project in Vietnam. Rays also plan to enter into electric vehicle (EV) space with B2B (business-to-business) services.