Rays Power Experts

RERC Approves Tariffs for 1000 MWh BESS in Rajasthan

The Rajasthan Electricity Regulatory Commission (RERC) has approved the tariffs for 1000 MWh BESS in Rajasthan ensuring the transparency and alignment with the market norms. Rajasthan Rajya Vidyut Utpadan Nigam Limited (RRVUNL) filed a petition for the approval of tariff discovered through a competitive bidding to set up a 500 MW / 1000 MWh standalone […]

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RVUNL Storage Tender Attracts Bids At Rs 2.21/kWh, A New Low

Energy storage tenders continued their steep decline from last year, as RVUNL’s 500 MW/ 1000 MWh standalone BESS tender, which comes with a 30% VGF support, attracting bids at Rs 2.21 lakhs /MWh.   Solar World Energy led with the lowest bid and an award of 125 MW/250 MWh, while Oriana Power won 50MW/100 MWh with […]

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Rays Power Experts Raises Rs 20 Cr Equity Funding

Rays Power Experts, a leading full-service solar park developer in India, has raised INR 200 million in equity funding. The lead advisor for this transaction was Swastika Investmart Limited. The funding round included investments from prominent investors such as the Sunil Singhania family office, Vyom Wealth Advisors, Lalit Dua of Rajasthan Global Securities, Vineet Arora […]

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