Rays Power Infra, a prominent player in the solar energy sector with a commissioned portfolio of 1.30 GWp, has achieved yet another milestone in its journey. The company recently entered into an engineering, procurement, and construction (EPC) solar photovoltaic (PV) project term sheet with Serentica Renewables, an energy solutions company specializing in industrial decarbonization.
As per the agreement, Rays Power Infra will be responsible for the EPC of a substantial 283 MW DC solar PV project located in Koppal, Karnataka. The project will utilize single-axis trackers and bifacial modules, highlighting the company’s commitment to adopting advanced and efficient technologies for renewable energy generation.
Ketan Mehta, the CEO & MD of Rays Power Infra, expressed his enthusiasm for the project, considering it a significant achievement resulting from the collective hard work and dedication of the team towards green energy production. He also mentioned the company’s ambitious plans for the future, including ventures into battery energy storage systems (BESS) and floating solar projects.
Apart from its positive environmental impact, the solar project is expected to create numerous job opportunities for the local community and offer business growth avenues for subcontractors. Rays Power Infra aims to establish itself as a global EPC player and plans to develop more power plants not only in Karnataka but also in other states.
With an already commissioned 1.30 GWp portfolio, the company is further propelling its growth by developing and executing solar parks and plants, totaling 2.00 GW, with an anticipated commissioning within the next 24 months. This will contribute significantly to meeting the power requirements of consumers.
In addition to its strong presence in India, Rays Power Infra has been expanding globally, with notable installations of large-scale solar projects in Vietnam and Bangladesh. The company’s reach extends to diverse regions like Asia, the Middle East, and North Africa (MENA), solidifying its position as a key player in the international renewable energy landscape.