Rays Experts, a leading solar power plant company, claimed to open the world’s largest solar park, with a capacity of 3 GW. The solar park will be built over 9,000 acres of land in the Bikaner district of Rajasthan.
According to the corporation, this will be the country’s first and only privately owned ultra-mega solar park that will be connected to the central transmission system. Other big solar parks of the country are partly or entirely controlled by the government.
The solar park’s ready-to-move infrastructure will be profitable for multiple solar projects. Since land, transmission lines, and other infrastructure will be pre-arranged, developers will save time and money.
Over the last decade, Rays Experts has built 2 GW of solar parks, namely Corneight Solar Park, Kolayat Solar Park, Gajner Solar Park, Siwani Solar Park, and Mandsaur Solar Park in the states of Rajasthan, Haryana, and Madhya Pradesh. Soltown Solar Park will soon be among the largest solar parks in the world.
The availability of transmission capacity in the network is now the biggest open risk for solar producers, and this solar park handles it to a large extent.
Due to its market presence, Rays Experts has a 100% market share in private solar park projects in Rajasthan and Haryana, with a 95% customer retention rate.
Rahul Gupta, Rays Experts’ Managing Director and Chief executive officer, 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.”
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Resource: Business Standard