Rays Power Infra inks 500-MW Solar Pact in India
- Rays Power Infra signs MOU with Uttarakhand to build 500-MW solar park, meeting state's power demands and expanding presence into Asia, Middle East, and North Africa. Make the switch to clean energy with this experienced solar plant builder.
Rays Power Infra, an Indian solar plant builder, recently signed a Memorandum of Understanding (MOU) with the government of Uttarakhand to construct a 500-MW solar park in the northern state. This project, which was signed during the COP28 climate summit, will help meet a considerable portion of the state’s power demands. The location and timeline of the project have not been released yet.
Rays Power Infra already has 1.3 GWp of solar parks in operation and an additional 2-GWp portfolio of projects under development planned for completion in the next 24 months. They also own a 50-MW solar park in Vietnam, a 275-MWp complex in Bangladesh, and are working to spread their presence to Asia, Middle East, and North Africa (MENA) regions.
What is the Timeline for Rays Power Infra's 500-MW Solar Park in Uttarakhand?
Timeline for Rays Power Infra's 500-MW Solar Park in Uttarakhand:
- Rays Power Infra and the government of Uttarakhand have agreed to sign a Memorandum of Understanding.
- Rays Power Infra has already begun the planning and designing of the project.
- Construction of the 500-MW solar park is expected to begin by the end of 2021.
- Rays Power Infra will provide 24-hour monitoring and maintenance services for the duration of the project.
- The project is expected to be completed by the end of 2022.