A.P. Moller Enters India’s Renewables Sector with Rays Power Joint Venture

The JV’s first investment targets 900 MW utility-scale renewable capacity

December 23, 2025

/ Meghana Prasad
/ Finance and M&A, Renewable Energy
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Denmark-based A.P. Moller Capital, an institutional fund manager, has announced its first renewable energy investment in India through the A.P. Moller Capital – Emerging Markets Infrastructure Fund II. The investment is being made through a newly established joint venture with Rays Power Infra, a solar engineering, procurement, and construction company.

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Meghana Prasad

More articles from Meghana Prasad.
A.P. MollerDenmarkInvestmentsRays Power InfraRenewable EnergyUtility Scale
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