Rays Power Infra forms subsidiary for gigawatt-scale solar, battery storage manufacturing

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Rays Power Infra has set up a wholly-owned subsidiary for production of solar modules, solar cells, and battery energy storage systems (BESS) at gigawatt scale. The subsidiary will focus on setting up large-scale manufacturing facilities, and the company is currently evaluating land options and incentive policies across various states.

Rays Power Infra stated that details of the plans and the quantum of investment will be disclosed soon, highlighting Rays Power Infra’s commitment to substantial and impactful investment in this venture.

Ketan Mehta, managing director of Rays Power Infra, stated, “This initiative represents a crucial backward integration step for Rays Power Infra. Our existing EPC and development businesses will provide robust support to our solar module and cell manufacturing efforts. We have identified a significant quality gap in the current market offerings, and it is imperative to bridge this gap with superior products.”

Rays Power Infra is exploring partnerships with global technology leaders to enhance its product offerings. “We are actively finalizing technology-sharing agreements with renowned global technology leaders. This will enable us to leapfrog in creating products that meet and exceed global standards. This partnership is set to be mutually beneficial, providing our partners with a ready market through Rays Power Infra’s extensive network,” said Sanjay Gupta, executive director at Rays power infra.

Established in 2011, Rays Power Infra is one of the early movers in the solar park regime. It also provides turnkey solar engineering, procurement and construction (EPC) services. The company has implemented 1,207 mega-watts peak (MWp) of solar power projects.

 

 

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