Rays Power Infra Shatters Records, Powering India's Green Energy Future

JAIPUR, India and NEW DELHI – May 06, 2026 – In a powerful demonstration of its execution capabilities, integrated solar energy company Rays Power Infra announced it has commissioned a record-breaking 1.1 gigawatts (GW) of solar capacity within a single financial year. This achievement, the strongest in the company's history, significantly advances its role in India's ambitious clean energy transition.

The newly commissioned projects, spread across the key renewable energy states of Karnataka, Rajasthan, and Gujarat, have propelled the company's cumulative commissioned portfolio beyond 2.4 GW peak (GWp). This milestone solidifies Rays Power Infra's position as one of the nation's most active integrated solar platforms as India races towards its target of 500 GW of non-fossil fuel energy capacity by 2030.

"Commissioning 1.1 GW in a single year is the most defining moment in our journey so far," said Ketan Mehta, Managing Director of Rays Power Infra. "It is a testament to the trust our customers place in us, the resilience of our execution teams and the platform we have patiently built over more than a decade. With this single-year delivery, our cumulative footprint has crossed 2.4 GWp, and Rays Power Infra is structurally positioned to play a meaningful role in India's clean-energy transition."

Powering a Nation's Ambition

Rays Power Infra's record year is not an isolated event but a significant contribution to a nationwide energy revolution. India is undergoing one of the world's largest and fastest expansions of renewable energy. The country added a staggering 15.3 GW of solar capacity in the first quarter of 2026 alone—the highest quarterly installation ever recorded—bringing its total cumulative solar capacity to 152 GW as of March 2026.

This explosive growth, driven by strong policy support and declining technology costs, is essential for meeting the 500 GW non-fossil fuel target. Utility-scale projects, like those developed by Rays Power Infra, are the backbone of this expansion, accounting for nearly 82% of the recent capacity additions. The company’s strategic focus on states like Rajasthan, Gujarat, and Karnataka, which lead the country in utility-scale solar deployment, places it at the epicenter of this green transformation.

While the pace of installation is impressive, the rapid influx of intermittent solar power presents challenges for the national grid, primarily related to transmission readiness and grid stability. Companies that can not only build solar farms but also provide integrated solutions are becoming increasingly vital. This context underscores the significance of Rays Power Infra's integrated approach and its strategic pivot towards more complex, grid-friendly energy solutions.

The Blueprint for Rapid Growth

The foundation of Rays Power Infra's success lies in a sophisticated and pioneering business strategy. The company is a leading proponent of the 'Co-Development Business model' in India, an approach validated by a CRISIL report. This model offers a turnkey solution for customers, encompassing the entire project lifecycle from initial land aggregation and securing grid connectivity to obtaining all necessary permits and power purchase agreements (PPAs). Once a project is 'ready-to-build', the company can transfer the specially created project vehicle to the customer and then proceed with engineering, procurement, and construction (EPC) services, followed by long-term operations and maintenance (O&M).

This integrated model provides a significant competitive advantage, streamlining a complex process for clients and ensuring greater control over project timelines and quality. It has allowed the Jaipur-headquartered firm to build a formidable portfolio that now stands at approximately 12 GW, including projects under various stages of development across 13 states.

Such rapid expansion requires substantial financial firepower. Rays Power Infra has been actively fortifying its balance sheet through a multi-pronged funding strategy. The company recently attracted a joint venture with A.P. Moller Capital, marking the institutional fund manager's first renewable energy investment in India. This partnership aims to develop around 900 MW of initial projects. Furthermore, the company has filed for an Initial Public Offering (IPO) to raise capital for both working requirements and a major strategic expansion into manufacturing: a 1.5 GW solar cell manufacturing plant in Madhya Pradesh. This vertical integration is designed to secure its supply chain and enhance its competitive edge.

Beyond Solar: Charting the Future of Energy

While celebrating its solar achievements, Rays Power Infra is already looking toward the next frontier of renewable energy. The company is actively expanding into adjacent technologies that are critical for the future of India's energy grid, including hybrid solar-wind projects, Battery Energy Storage Systems (BESS), and Green Hydrogen.

This forward-looking strategy is already taking concrete form. The company has secured a contract from Railways Energy Management Co. Ltd (REMCL) to develop a 200 MW round-the-clock (RTC) renewable energy project. This landmark project will integrate over 700 MW of solar and wind capacity with more than 1,000 MWh of battery storage, demonstrating a clear capability to deliver the kind of stable, reliable green power the grid increasingly needs.

Furthermore, the company's interest in Green Hydrogen and its derivatives aligns perfectly with national priorities. India's National Green Hydrogen Mission, backed by a significant government outlay, aims to establish the country as a global production hub. By exploring this sector, Rays Power Infra is positioning itself to be a key player in decarbonizing hard-to-abate industries like refining, fertilizers, and steel.

This strategic diversification from a pure-play solar developer into an integrated energy solutions provider signals a maturation of the company's vision. By combining solar, wind, and storage, Rays Power Infra is moving from simply generating electrons to providing dispatchable, reliable, and clean power, a crucial step in accelerating India's journey towards energy independence and a sustainable future.