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India continues to dominate the headlines in International Solar Industry with Multi-Gigawatt projects and multibillion-dollar investments. 100GW of solar by 2022 target, despite various challenges, have galvanized the market and prompted economic and political reforms that are creating the foundations of an extremely attractive long-term market. This has helped India to rise to third place ahead of Germany in E & Y’s RENEWABLE ENERGY COUNTRY ATTRACTIVENESS INDEX 2015. At this moment when the US Tariff for Solar Power has come down to as low as 5 cents per kWh, The Current Scenerio of Solar Power in India is very attractive for Foreign Investors as the no of Projects available for investment has increased significantly as also higher tariff available. The Govt of India has also ensured that there are no Entry Barriers for the foreign investors.
There is no doubt that foreign investment will be critical to meeting these targets and even less speculation that there is appetite. Estimates suggest that US$300b in foreign investment is already planned for India’s renewable sector over the next 10 years. Greatest challenge, which Foreign Investors comes across, are understanding the Bidding Systems, acquisition of Land for Solar Projects & Completion of Projects in Time. This is where Rays Power Infra Pvt Ltd has created a distinctive reputation as one of the country’s biggest solar Turnkey Services Provider, a step ahead of Solar EPC Services.
“While contacting Foreign Investors, we observed that they particularly need assistance in terms of understanding the Bids, state specific rules & regulations and cost thereof. We also noticed they were concerned about how to ensure quality while minimizing the time and cost in the projects. Our team ensures minimizing time and challenges using new technologies and designs with effective cost and reduce the project execution time, which is also the main concern of Indian SPDs” says Vivek Kodesia, Head Sales & Business Development, RPIPL.
RPI focus on providing comprehensive solutions including Consultancy as well as Cost effective EPC Services has transformed them into a versatile leader
There is no doubt that foreign investment will be critical to meeting these targets and even less speculation that there is appetite. Estimates suggest that US$300b in foreign investment is already planned for India’s renewable sector over the next 10 years. Greatest challenge, which Foreign Investors comes across, are understanding the Bidding Systems, acquisition of Land for Solar Projects & Completion of Projects in Time. This is where Rays Power Infra Pvt Ltd has created a distinctive reputation as one of the country’s biggest solar Turnkey Services Provider, a step ahead of Solar EPC Services.
“While contacting Foreign Investors, we observed that they particularly need assistance in terms of understanding the Bids, state specific rules & regulations and cost thereof. We also noticed they were concerned about how to ensure quality while minimizing the time and cost in the projects. Our team ensures minimizing time and challenges using new technologies and designs with effective cost and reduce the project execution time, which is also the main concern of Indian SPDs” says Vivek Kodesia, Head Sales & Business Development, RPIPL.
Over the years, the company has successfully delivered dependable, reliable and cost-effective solar energy solutions to all their customers. It is a top-tier (3rd ranked in terms on installations in 2015), Solar EPC Service Provider of India, and a pioneer in development of Solar Parks. The company’s focus on providing comprehensive solutions including Consultancy as well as Cost effective EPC Services has transformed them into a versatile leader in this field. RPIPL’s strength lies in its finely equipped resources and a proven advisory team dedicated primarily to encourage investors through deep analysis of their existing investment challenges and astute project development techniques.The company also provides innovative business models with attractive returns to investors, HNIs, entrepreneurs and large corporate houses with tax saving benefits and tax holidays. They also provide multiple solutions to roof top owners e.g. Own Investment as well as RESCO Models.
Set up as a consultancy and engineering company in 2011, RPIPL executed first project of 1 MW under JNNSM in Jaisalmer. Next year the team developed its own solar parks in different parts of India and then forayed into the field of turnkey EPC solutions. RPIPL have executed 155 MW solar power projects with an order book of 130 MW and expanded into power sale business in 2014. Within four years, RPIPL shot up to a great height delivering requirements at a considerable price. RPIPL is expected to commission a total of 500 MW by 2016. “At Rays Power Infra, we are not only interested in growing our business but strongly believe in helping them setup Projects, which maximize their returns” Vivek signs off.