IIT alumnus powers his business solar way
Gupta’s venture, Rays Power Experts Pvt. Ltd., the technological leader for solar
power in India targets to achieve 150 megawatts of solar power production by the end of this financial year.
This would be a step ahead in the already achieved and completed target of 60 MW of solar projects in 2013.
The company has successfully accomplished all its committed projects of 29 MW for 11 projects in 2.5 months at the end of September 2013. Over Rs. 750 crores has already been invested to get to this great number of 100 MW achieved so far.
Talking about the company’s progress, Mr Rahul Gupta, Director, Rays Power Experts Pvt. Ltd. said, “It is a proud moment for us as this magical figure is achieved after months of immense hard work and rigorous efforts put in by our team. We started with a meager 2 people team in 2010 and cultivating the solar culture, we have grown to 150 strong in 3 years. Today, people across the length & breadth of the country - not just in the cities, but in small town & villages too - know that it is possible to run a fan or charge a mobile phone using Solar Power. That is a strong evidence of the culture we are adopting.”
“There is a huge potential of solar power in India as it lies in sunny regions of the world receiving 4-7 kWh of solar radiation per square metre per day with 300-325 sunny days in a year. India has abundant solar resources, as it receives about 3000 hours of sunshine every year, equivalent to over 5,000 trillion kWh. We felt the need to explore this huge opportunity and hence have set ourselves an achievable target of 150 MW for this financial year”, added Mr. Gupta.
The success chart of Rays Experts can be gauged with the recent completion of 11 projects totalling 29 MW in the last 10 days. This makes the total project size 55 MW with 27 different projects in just 15 months, with the total area of construction being over 400 Acres. This is the highest number of projects undertaken by any solar power project based company in India.