Rays Experts to Commission 3 GW Solar Park in Rajasthan
The solar park has been developed on 9,000 acres of land
Rays Experts, a Jaipur-based solar park developer, is set to commission what is claimed to be the world’s largest solar park with a capacity of 3 GW in Rajasthan.
The solar park has been developed on 9,000 acres of land in the Bikaner District. The company has signed all the transmission agreements and obtained all approvals.
The company said that this would be the first and only 100% privately-owned ultra-mega solar park in the country connected to the central transmission system post-commissioning. All the other major solar parks in the country are partly or wholly government-owned.
The solar park intends to have a ready-to-move infrastructure for multiple solar developers to help save on cost and time by providing land and already set up transmission lines.
The solar park will be an addition to the already solar-rich state of Rajasthan, which recently became the first state to surpass 10 GW of cumulative large-scale solar installations, according to Mercom’s India Solar Project Tracker.
Rays Experts has previously established 2 GW solar parks, namely Corneight Solar Park, Jaisalmer, Kolayat Solar Park, Gajner Solar Park, Siwani Solar Park, and Mandsaur Solar Park in Rajasthan, Haryana, and Madhya Pradesh over the past decade.
Rahul Gupta, MD & CEO, Rays Experts, said, “In the current tariff levels, only the project with low return expectations can survive, and lowering the project risk can only help in lowering the return expectations. Our solar park is a major factor in risk reduction for solar developers. They will not have to face surprises after winning the project as the land, transmission line, etc., will already be in control at the time of bidding. As one of the early movers in this space, we are extremely proud to prepare the largest solar park in the world, which will further strengthen our position as a global leader in the solar industry.”
The company currently holds a 100% market share of private solar park projects in Rajasthan and Haryana with a 95% customer retention ratio.
In October last year, at a virtual conference hosted by Mercom India, panelists discussed the importance of developing solar parks to achieve 300 GW of solar capacity by 2030. Such parks offer ready land availability and transmission infrastructure.
Early last year, the New and Renewable Energy Department of Haryana issued guidelines to develop solar parks by private entrepreneurs without government assistance. The minimum capacity of such a solar park was set at 50 MW.
As of February 2022, India’s cumulative solar installations crossed the 50 GW milestone, according to Mercom India Research. The country’s installations came from 43 GW of utility-scale solar and 7 GW of rooftop solar.