₹5,200 Crore Greentech Boost for Rays Power Infra

Rays Power Infra has secured an investment from AP Moller Capital’s Emerging Markets Infrastructure Fund II (EMIF II Holding), which will commit up to ₹1,350 crore to renewable energy projects structured through project-specific SPVs.

This investment is expected to catalyse a total project expenditure of ₹5,200 crore, boosting Rays Power Infra’s scale, revenue visibility, and potential for future collaborations. The deal marks AP Moller Capital’s first investment in India, highlighting the country’s growing prominence as a hub for renewable energy capital. AP Moller Capital has a proven track record in scaling renewable energy businesses across Southeast Asia and Africa, having developed over 2 GW of renewable capacity. The broader AP Moller Group has maintained a presence in India for more than 30 years.

Ketan Mehta, MD & CEO of Rays Power Infra, said, “This partnership accelerates our vision of building large-scale renewable energy infrastructure, validates our development platform, and strengthens our capability to deliver sustainable solar assets across India.”

News by Rahul Yelligetti.