Indian solar developer Rays Experts says it is set to launch the 1st and 100% privately-owned Ultra Mega Solar Park with 3 GW capacity in India's Rajasthan and open it up for other companies to set up their projects here.
In a statement issued and reported by local media, the company said its park will be spread across 9,000 acres of land in Bikaner district and is in receipt of all required transmission agreements and approvals. It is fully connected to the central transmission system.
So far, the country has solar parks that are either fully or partly owned by the government. "This is the 1st and only 100% privately-owned Ultra Mega Solar Park in the country connected to the central transmission system," stated the company. "Our solar park is a major factor in risk reduction for solar developers. They will not have to face the surprises after winning the project as the land, transmission line will already be in control at the time of bidding."
Rays touts a 2 GW solar park capacity under its portfolio including Kolayat Solar Park, Gajner Solar Park, Siwani Solar Park and Mandsaur Solar Park.