Projects include a 440 MW solar plant inside the park, 210 MW Solar Plant outside the part, 49 MW Rooftop installations for Commercial/Industrial sites, and 4 MW units across 8,400 homes
New Delhi – November17, 2020: In line with India’s vision of achieving clean and green energy, Rays Experts – One of India’s leading Solar EPC and solar park developer companies – has successfully commissioned solar projects totaling 700 MW across the country. These projects include ground-mounted solar panels for 230 clients – including Delhi Metro, NDMC, airports, IITs and NITs, defense establishments, industries, and major hotel chains alongside others.
Rays Experts initially focused on PPA-based projects and achieved a capacity of 240 MW in the park and 200 MW outside the park using this approach. Since then, the company has also included captive solar plant space and has emerged as one of the largest players in this segment with projects spanning across 5 states. Rays Experts has also bagged prestigious government projects including rooftop projects for the Airport Authority of India, Delhi Metro, and others.
Commenting on the development,RahulGupta, MD & CEO, Rays Experts said, “We are proud to be one of the leading solar companies in our homeland. It gives us satisfaction, knowing that we have served our country by bringing it closer to renewable energy as its main source of electricity. Our company has shown tremendous growth despite the COVID landscape and we are highly optimistic about our future and the future of solar in India. Having achieved this milestone, we now look forward to crossing the Rs. 1,000 Cr annual revenue landmark within the next 4 years.”
Due to the rise in awareness on the benefits of renewable energy, the potential for further growth seems limitless in the Indian solar space. Rays Experts aims at venturing deeper into the commercial space and achieve a YoY growth of 20% by completing 3 more solar parks over the next financial year. Since India is estimated to have over 10 GW additional solar plants within the next 2 years, Rays Experts has its sights set on institutional projects and becoming a leader in residential rooftop installations by powering 330 Million homes across the country.
The company also plans on investing Rs. 30 Crores in solar parks across 3 states. Rays Experts is currently working to raise Rs. 100 Cr to cater to both institutional projects and residential solar programs. It has already aligned projects totaling 210 MW and is projected to reach a 1,000 MW milestone by end of this financial year.
About Rays Experts
Rays Experts is India’s leading innovative solar solutions provider and one of the largest solar power EPC and Development Company. From concept to commissioning, the company offers services across every level of solar power project development. It also deals in Rooftop Segment and has executed some of India’s largest rooftop solar projects to date.
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