Solar power developers flouting domestic content norms may face penal action

The entire policy faces a risk when companies start flouting the existing rules which are there to promote domestic manufacturing and local jobs. It’s basically kind of profiteering out of a policy custom made for local jobs and it’s very important that the investigation is carried out in a time-bound manner and suitable action is taken against the people who are doing such activities,” said Ketan Mehta, managing director and chief executive of Rays Power Infra, a solar project developer more

Rays Power signs pact with Tangedco to sell solar power at Rs 3.47 per unit

Rays Power Infra, a solar energy company started by professors and students of the Indian Institute of Technology (IIT) Roorkee, has signed a power-purchase agreement (PPA) with Tamil Nadu Generation and Distribution Corporation Ltd (Tangedco) to sell 100 Mw of solar power at Rs 3.47 per unit.
This is part of the 15,000-Mw, Rs 11,369-crore inter-state power corridor in Tamil Nadu promoted by the Centre and expected to be ready by May 2019. The project will be connected to a 400 kV substation to ensure there are no grid outages.
Rays Power Infra Chief Executive Officer Ketan Mehta said Tamil Nadu is an increasingly important market for the company, especially given the level of interest and support for renewable energy projects in the region. Read More...

Tamil Nadu latest to push solar companies for post-auction tariff cut

The latest state to seek lower tariffs is said to be Tamil Nadu. The Tamil Nadu Generation & Distribution Co (Tangedco) wants the winners of a solar auction held in January-February to reduce tariffs to Rs 3.47 a unit from Rs 4.40 per unit, matching the winning bid in a subsequent auction.
Read more at:

 

Rays Power Infra successfully commissions 5 MW solar PV project for Aryavaan Renewable

Leading Solar Energy company, Rays Power Infra on Monday announced completion of a 5 MW solar PV project for one of their most prestigious client Aryavaan Renewable Energy Private Ltd.

The project execution work was started in October’2016 while the project was commissioned in February 2017.Spread over an area of 25 acres, the project was executed on turnkey basis right from the land acquisition till the commissioning. With this, the total portfolio of commissioned projects of Rays Power Infra goes up to 65 MW in the state of Uttar Pradesh and over 400 MW in India Read More

Rays Power Infra commissions 5.5 MWp solar PV project in Karnataka

AIming to enhance the solar power market in Karnataka, Rays Power Infra on Wednesday announced the completion of its 5.5 MWp Solar PV equity project in the state.

The project execution work started in October’2016, while the project was commissioned in February 2017.Spread over an area of 28 acres at Koppal District, the project was executed on a turnkey basis, right from the land acquisition till the commissioning. With this, the total portfolio of commissioned projects of the integrated solar power company crosses over 400 MW Read More

Rays Power Infra appoints Rahul Mishra as CEO of its new venture

BENGALURU: Solar power company Rays Power Infra has appointed Rahul Mishra as the CEO to lead new business initiatives under Rays Future Energy India, said a company statement issued today. The new company will be focusing on distributed solar generation, including rooftop solutions, energy storage, e-vehicle and associated infrastructure, and solar energy-based products.

Read More

300 days of sun: How one Indian entrepreneur is making a killing

Ketan Mehta is nothing if not ambitious. He wants to “shape the future of energy” for 1.3 billion people.
The 28-year old entrepreneur co-founded Rays Power Infra six years ago with an eye on India’s enormous potential for solar energy.
“Earth has been receiving trillions of units of energy every day from morning to evening but we’ve never been able to use it,” Mehta said. “Now, we have a chance.”
Rays Power Infra develops, builds and operates solar projects across India, ranging from 400-acre “solar parks” for government and industry to panels on the rooftops of individual homes.

Read More

 

Rays Power Infra ranks among the top 10 EPC companies worldwide

Rays Power Infra ranks among the top 10 EPC Companies worldwide, outside USA and China Rays Power Infra, a leading integrated solar power company with presence across the entire solar value chain, has announced that it has been ranked among the top 10 EPC companies worldwide, outside USA and China, as per the Solar EPC and O&M Provider Tracker – Q1 2017 by IHS Technology. India’s growing PV demand attracts more companies to the EPC sector though the market continues to be concentrated. The combined market share of India’s five largest EPC companies has shrunk from 63% to 46%, owing to the market’s overall growth.

Read More

Uttarakhand CM inaugurates Rays Power Infra’s Solar PV Project

Uttarakhand CM inaugurates Rays Power Infra’s Solar PV project
Following the successful commissioning of its 78 MWp Solar PV project recently, Rays Power Infra has now inaugurated the plant in Uttarakhand. Chief Minister of Uttarakhand, Trivendra Singh Rawat honored the inauguration of Rays Power Infra’s plant in his state.

Read More

Rays Power Infra commissions 78 MW Solar PV project in Uttarakhand

KOLKATA: Rays Power Infra a solar energy company, announced successful commissioning of its 78 MW solar PV projects at Roorkee district of Uttarakhand.
Execution work for the project started during last week of November 2016 and was executed by Rays Power on turnkey basis – from land acquisition to commissioning.
The 78 MW project comes under Uttarakhand Renewable Energy Development Agency’s (UREDA) competitive bidding for 2015-16. It will supply energy to the power hungry industrial areas of Bhagwanpur and Roorkee.

Read More

Tamil Nadu discovers lower solar tariffs of Rs. 3.47 per unit

Tariffs for solar power in Tamil Nadu touched as low as Rs 3.47/unit in reverse-auctions held over the weekend. The biddings were done for 1,500 MW solar plants.

Rays Power Infra successfully commissions 25 MW Solar PV Park

The Solar Energy Company announced that it has completed a 9.2 MW solar PV project for a high profile client in Telangana. The Project work was started in March 2016. The project was executed on turnkey basis right from the land acquisition till the commissioning. Rays Power claims the project was completed in the record time of 90 days.
The said park is a part of the 25 MW Solar Park of Rays Power Infra and is also the 3rd such Solar PV Park to be commissioned in Telangana.

Read More

Rays Power Infra to commission 100 MW solar projects by March 2017

Solar energy firm Rays Power Infra hopes to commission 100 megawatt of solar power projects under the engineering, procurement and construction (EPC) segment across the country by March 2017, said its senior official.
Speaking on the sidelines of an event announcing the commissioning of its 25 MW Solar PV park in Telangana, the company’s executive director Sanjay Gupta said, “We are expected to complete 100 MW of solar projects for our clients by the end of March 2017. Also, we will be commissioning two separate EPC projects, 9 MW and 10 MW in the next one or two months.”

Read More

Rooftop rights are up for grabs amid solar power push

New Delhi: Got a roof to spare? Here, power your home at a low cost, and help bridge a power deficit at the same time. Rooftop solar power developers are approaching individual home owners to let them install rooftop solar units for free. The home will get cheaper power, and the developer will sell the surplus to the power grid.
“Why keep your rooftop vacant? If you don’t want to invest, give us your rooftop on lease,” says Ketan Mehta, chief executive officer of Rays Power Infrastructure which has started executing projects in Jaipur under this model and is planning to scale up.

Read More

With Global Solar Alliance, India Steps up Renewables Efforts

New Delhi: India is betting big on solar power. The government has decided to build solar power generation capacity totaling 100 gigawatts (GW) by 2022.

India, a country blessed with abundant sunshine, has also taken a lead role in setting up the International Solar Alliance (ISA)—an alliance of 122 sunshine countries situated between the Tropics of Cancer and Capricorn—that was launched at the UN Climate Change Conference in Paris in November.

In January, Prime Minister Narendra Modi and French President Francois Hollande laid the foundation stone of the ISA at Gurgaon .

Read More

Rays Power announces completion of 10 MW solar PV project in Telangana

Persistently setting new records, Rays Power Infra Pvt. Ltd. announces the successful completion of a 10 MW solar PV project, for one its prestigious client’s, Haldiram’s in Telangana. The project PPA signed on March 2015 and commissioned on September 2015, it has garnered the reputation of being the fastest project commissioned in the country, delivered seven months ahead of deadline. The project was executed by Rays Power Infra on a turnkey basis, right from land acquisition till commissioning. Furthermore, adding to the singularity of the project, it also marks the entry of Haldiram’s into the Power Sector with the successful performance ratio of not less than 79%

Read More

Rays Power Infra commissions 11.5 MV Solar PV project in Telangana

NEW DELHI: Rays Power Infra Pvt. Ltd., one of India’s leading solar energy company, has announced the commissioning of its latest solar photooltaic project in Telangana, a 11.5 MW project that was completed in 3 months.
Developed for Shining Sun Powers, it is one of the fastest-commissioned projects in the country. Undertaken by Rays Power Infra on turnkey basis, the project was executed from end-to-end, from land acquisition till its successful commissioning.

Read More