Rays Power Infra Pvt Ltd, a leading Indian solar plant developer, has formalized a Memorandum of Understanding (MOU) with the government of Uttarakhand to construct a substantial 500-MW solar park in the northern region of India. The agreement, signed during the COP28 climate summit, signifies a significant step toward addressing the power needs of the state.
The solar power generation complex, whose specific location and timeline were not disclosed, is anticipated to play a crucial role in meeting a substantial portion of Uttarakhand's electricity demands. Rays Power Infra announced the pact on Tuesday, emphasizing its commitment to contributing to India's renewable energy landscape.
See also: Engie Initiates Construction on 400-MW Solar Park in Gujarat, India
Rays Power Infra currently operates 1.3 GWp of solar parks and boasts an additional 2 GWp portfolio of projects under development. The company aims to complete and commission these projects within the next 24 months.
Beyond the borders of India, Rays Power Infra has established a presence with a 50-MW solar park in Vietnam and a 275-MWp complex in Bangladesh. The company is actively pursuing further expansion across the Asia and Middle East and North Africa (MENA) regions.
