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
The Commercial Operations Date for the Bhadla Projects was achieved in parts between September to December 2017
In order to fuel the long-term growth of the group, RSE partnered with a strategic investor in the form of Yinson Group. With the completion of the partnership, the Rising Sun Energy entities became a part of Yinson Holdings Berhad
Within 3 months of the acquisition by Yinson, the group was awarded a bid for developing a 285 MWp solar power project in the Nokh Solar Park, Rajasthan with NTPC being the procurer for the project power for a period of 25 years
The company completed the construction of the contracted capacity under the PPA and obtained approval from CEA indicating that the project is ready for energization.
Yinson Holdings Berhad (Yinson) is one of the world’s leading energy solutions providers, with presence throughout the globe. Yinson designs, constructs, owns and operates purpose-built assets for the energy industry. Rising Sun Energy Pvt Ltd (“RSE”) and Rising Sun Energy (K) Pvt Ltd (“RSEK”) are subsidiaries of Yinson, with Yinson owning 95% and 80% respectively. RSE is the owner and operator of Rising Bhadla 1 & 2, while RSEK is the owner, developer and operator of the Nokh project. Through Yinson’s investment into RSE, the Group has been able to further build a strong pipeline of projects that will deliver sustainable performance for both Yinson and RSE in the years to come. Yinson now operates three business divisions - Offshore Production, Renewables, and Offshore Marine. Yinson’s renewables footprint is rapidly expanding to position the business to become a major revenue stream for the Group as we target becoming one of the leading clean energy independent power producers (IPPs) globally.
The Outstanding Global Leader of the Year-2018” from Institute of Economic Studies (IES) India
International Business Leadership Innovation Excellence Award from Institute of Economic Studies (IES) India
Best Solar PV Power Plant from Independent Power Producers Association of India (IPPAI)