Introduction to transformers - medium banner.jpg
Image for illustration purposes

World’s largest solar park to be commissioned in Rajasthan

India, Rajasthan: Rays Experts has disclosed it will commission the world’s largest solar park in Rajasthan with a 3,000 MWp capacity.

The 9,000-acre solar park will be built in Bikaner, Rajasthan.

It has signed the necessary transmission agreements and obtained all approvals for the same, a company statement said. This is the first and the only 100 % privately owned ultra mega solar park in the country connected to the central transmission system, it stated.

All the other major solar parks built in the past are partly or fully government-owned. The company claims to be the largest solar park developer in India.

This solar park will be ready-to-move infrastructure for multiple solar developers who can save huge costs and time as land, transmission lines, etc., are already arranged. Currently, the transmission capacity availability in the network is the biggest open risk for solar developers and this solar park addresses the same to a large extent. Due to its market presence, Rays Experts holds a 100 % market share of private solar park projects in Rajasthan and Haryana with a 95 % customer retention ratio.

“It is remarkable to see how the Indian renewable energy industry has advanced in the last few years. To achieve the 300 GW target by 2030, we are doing our bit,” said Rahul Gupta MD and CEO of Rays Experts.,

In the current tariff levels, only the project with low return expectations can survive, and reducing the project risk can only help in lowering the return expectations, he opined.

 

Source: Business Today