Rays Green Energy to invest Rs 1,400 crore in new facility
Rays Green Energy is all set to invest Rs 1,400 crore in a state-of-the-art solar manufacturing plant at Renewable Energy Park, Mohasa-Babai near Bhopal.
Spanning 45 acres, the facility will produce 1.5 GW solar cells & 3 GW modules. The infrastructure will also create more than 1,200 jobs.
Rays Green Energy, a subsidiary of the well-established Rays Power Infra Ltd., is an active player in India's burgeoning renewable energy sector, primarily focusing on solar power.
While Rays Power Infra has a strong track record in solar park development and Engineering, Procurement, and Construction (EPC) services since 2011, Rays Green Energy is significantly boosting the group's capabilities by venturing into solar manufacturing.
A key development for Rays Green Energy is the establishment of a large-scale Renewable Energy Integrated Giga Factory in Madhya Pradesh. This facility is set to include a 1.5 GW solar cell plant and a 3 GW solar module assembly line, utilizing advanced technology like TOPCon
