Indian solar energy firm Rays Power Infra Pvt. Ltd. said it commissioned the 78 MW solar project in Tehsil-Bhagwanpur in the Roorkee District of Uttarakhand, fulfilling its role as the turnkey contractor responsible for all processes from land acquisition to commissioning.
After the 78 MW project was awarded to the company in the Uttarakhand Renewable Energy Development Agency’s (UREDA) competitive bidding for 2015-16, construction began in late November 2016.
“Currently, we have a 40% market share of the total number of solar projects in the state of Uttarakhand, which we will increase to above 80 % by the end of the current financial year,” said Rays Power Infra CEO Ketan Mehta. “We have received excellent support from the Energy department of the state and the success of the project is owed to them.”
The project is particularly important as it will not only supply energy to the power hungry industrial areas of Bhagwanpur and Roorkee, but also help local farmers by engaging them as relevant stakeholders.
Rays Power Infra has devised a unique model whereby farmers will not be forced to sell their land, but rather invited to partake in the project by leasing their land and getting a recurring rental income for more than 25 years in return.
Consequently, more than 1000 farmers will reap direct and indirect benefits from the company’s latest solar PV project.
“We have created a land bank of more than 2000 acres, where we can implement more than 500 MW and single handedly accomplished 100% RPO of the state for the next five years,” said Kunwar Rajeev Singh, Rays Power Infra Chief Operating Officer. This project is a contribution to the state and to the nation for a greener and brighter tomorrow.”
The 78 MW project is yet another milestone in Rays Power Infra’s expansion of its solar footprint in the state of Uttarkhand, where it last year launched a 100 MW project, its biggest in India, based on the same model of rental incomes for the local farmers.