Rising Sun Energy is a fast-growing independent power producer, generating reliable and affordable energy from renewable power sources. Since its incorporation in 2014 by first generation entrepreneur, Mr. Arunav Sharma, the company has steadily built a strong presence in the renewable energy sector in India. The company currently has a portfolio of approximately 460 MWp of Solar PV power projects and is actively looking to add more high-quality projects to its portfolio with an aim to deliver sustainable solutions for the energy sector in the coming years. Rising Sun Energy is a part of Yinson Holdings Berhad, one of the world’s leading energy solutions providers.
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Bhadla-1
| General Overview | AC Capacity (MW) | 70 |
|---|---|---|
| DC Capacity (MWp) | 87.5 | |
| COD | 17/11/2017 | |
| Land (acres) | 348 | |
| Location | Bhadla Solar Park, Rajasthan | |
| Offtake Details | Off-taker | NTPC |
| Off-taker Credit Rating | AAA | |
| Tariff (INR/kwh) | 4.35 | |
| PPA Tenor (# years) | 25 | |
| Technical Details | Module Make | Canadian Solar |
| Inverter Make | ABB |
Bhadla-2
| General Overview | AC Capacity (MW) | 70 |
|---|---|---|
| DC Capacity (MWp) | 87.5 | |
| COD | 1/12/2017 | |
| Land (acres) | 348 | |
| Location | Bhadla Solar Park, Rajasthan | |
| Offtake Details | Off-taker | NTPC |
| Off-taker Credit Rating | AAA | |
| Tariff (INR/kwh) | 4.35 | |
| PPA Tenor (# years) | 25 | |
| Technical Details | Module Make | Canadian Solar, JA Solar |
| Inverter Make | ABB |
Nokh
| General Overview | AC Capacity (MW) | 190 |
|---|---|---|
| DC Capacity (MWp) | 285 | |
| SCOD | October 2022 | |
| Land (Acres) | 895 | |
| Location | Solar Park, Rajasthan | |
| Offtake Details | Off-taker | NTPC |
| Off-taker Credit Rating | AAA | |
| PPA Tenor (# years) | 25 | |
| Technical Details | EPC Contractor | Sterling & Wilson Solar |
| Module Supplier | ZNShine |
Mr. Arunav Sharma established the Rising Sun Energy group in 2014 at the age of 25 years with an initial capital of INR 3,00,000
Post tie-up with initial investors, the group won the bid for setting up 2 x 87.5 MWp solar PV power projects in Bhadla Solar-park, Rajasthan, which is India’s biggest solar park. The PPAs for the projects were executed with NTPC Limited at a fixed tariff of Rs. 4.35 per unit for a period of 25 years. This was the second lowest tariff for solar PV power projects in India at that time
Mr. Arunav Sharma is a first-generation entrepreneur and the Founder & Chief Executive Officer of Rising Sun Energy. He started his career at an investment bank as a financial advisor in the infrastructure domain, wherein he developed a keen interest in the renewable energy sector. Accordingly, he started his own venture in the renewable energy sector to meet India’s energy demands. Over the years he has developed great expertise in the renewable energy sector and specialises in project identification, project conceptualisation, negotiation with local regulators, project execution and fund raising.
Mr. David Brunt has over 35 years of experience within the Oil & Gas and Renewables industries. He worked in the offshore oil industry from 1985 until 2013, starting his career with ConocoPhillips in a variety of international positions in operations, technology and major projects before moving on to work with Petroleum Geo-Services as Manager Development Projects in 1997. From November 2001 till April 2013, he held leading positions at Deepwater Composites, Aker Kvaerner Subsea and Fred. Olsen Production ASA. Mr. David moved into the Renewable Energy Industry in 2013 as Chief Executive Officer at Fred. Olsen Renewables AS. During his time with Fred Olsen, he led the development of its project portfolio, adding 10 wind farms totalling 728MW. He was subsequently appointed as Chief Executive Officer of Yinson’s Renewables Division in October 2019.
Mr. Gareth Swales has more than 20 years of experience in the renewable energy sector and has held a number of senior-level positions in leading IPPs, public organisations and consultancy firms. Mr. Swales has a deep understanding of developing energy projects and has experience from origination to execution of different technologies across the renewable energy value chain. He currently sits on the board of Renewable UK, the UK’s leading Renewable Energy trade association.
Mr. Arjun Kapoor is the Chief Financial Officer of Rising Sun Energy and has been associated with the company since its inception. Prior to joining Rising Sun Energy, he worked as a consultant in the advisory domain at EY India. As the CFO of RSE group, he is actively involved throughout the project lifecycle and manages various facets of project development including accounts and finance, internal and external stakeholder management, liasoning with lenders, insurance and legal matters, etc.
Gp Capt Alok Saraswat is an Ex Indian Air Force Officer of
Technical Branch having 27 years of domain expertise in the field of Power
& Air- Conditioning, Tele-Communications, Air Field Infrastructure,
Administration , Security and various weapon systems .He has a vast experience
of Power Transmission & Distribution and Testing division while working
with State Electricity Board and 15
years of rich experience in Solar industry of India. Headed departments like Land Acquisition &
Project Development, Project Management & Execution, Corporate Head Solar
Operations & Maintenance and Government liaisoning etc.Also associated with
State govt in India in the advisory capacity as Solar Expert.Overall having a
multi disciplinary experience of 47 years plus.Presently holds the appointment
of Chief Operating Officer (COO) in Rising Sun Energy ,India.
Mr. Pranaya Soman has a vast experience of over 36 years in various facets of the power sector projects from concept to commissioning stage. He has domain expertise of project construction, project management and contract & materials management functionalities. He has worked with NTPC for over 25 years and previously held the position as Vice Present in Lanco Infra Tech Limited for Anuppur 2 x 600MW Thermal Power Project.
Mr. Praful Khurana has over 10 years of experience in Debt Syndication, Financial Advisory and Strategy Consulting in the Infrastructure Sector. He has experience of advising 20+ clients from varied domains including renewable power, urban transport, roads, railways and logistics and has carried out investment analysis/ project structuring for 10+ domains through detailed assessment of financial and business models. At RSE, he is part of the corporate finance team and is responsible for undertaking various tasks pertaining to arranging external debt for the projects, assistance in commercial matters and evaluation of new opportunities.
Mr. Amar Singh Bisht is a qualified Chartered Accountant by profession. He has vast experience of over 9 years in the field of Finance & Accounts. He started his career in 2013 with G Singh & Co, a chartered accountant firm. During his 4 years tenor there he worked in areas like accounting, auditing, taxation, and income tax assessment. At RSE, he is responsible for financial reporting, statutory compliance, matters related to Income Tax and also handles implementation of F&A ERP software (Industrial & Financial Systems).
Rising Sun Energy is a renewable energy company founded with the purpose of accelerating the transition to renewable energy sources with better solutions and mass quantities of affordable clean energy.
We are driven by the vision of a healthy, safe and sustainable future and we know that sustainable development is not possible without cleaner, renewable sources of power. Guided by our mission, we aim to accelerate the transition to renewable energy as rapidly as possible and at the lowest cost possible.
Rising Sun Energy is a renewable energy company founded with the purpose of accelerating the transition to renewable energy sources with better solutions and mass quantities of affordable clean energy.
We are driven by the vision of a healthy, safe and sustainable future and we know that sustainable development is not possible without cleaner, renewable sources of power. Guided by our mission, we aim to accelerate the transition to renewable energy as rapidly as possible and at the lowest cost possible.
? 5,60,816 tonnes of CO2 emissions reduced every year
? Over 14 million households powered every year
? Direct/ indirect employment for over 8000 people
? 535 million green energy units to be generated
