OFF-SITE SOLAR
The aim is to approach 100% renewable energy. If you’re a corporate professional or a business owner, looking for a collaboration to buy a larger share of the off-site solar plant, then this is for you. In Group captive, multiple business owners come together and invest to gain the maximum benefits of solar savings.
Steps included in the group captive method are
- A solar farm is set up in a remote location of the same state as you prefer.
- This solar farm is connected to the grid supply. Power is injected into the grid.
- This is then metered and the bill is generated and credited to you.
- In group captive, a special purpose vehicle is launched.
- A percentage of the equity is owned by the end consumers, the remaining is owned by the power generator, i.e we install and maintain your solar farms and the respective activities.
- For more details, need to mention the percentages.
- A group captive is the minimalist investment plan and also avails lowest land cost, due to using the underutilized land.
- This is the lowest cost of power as it is exempted from the cross-subsidy charges and certain grid charges.
To capture the cheaper and cleaner power, connect and understand your credits of solar savings now.
Ideally, the captive power plants are run by manufacturing companies. Previously, manufacturing units were dependent on the generating stations but were not able to work on the solution for the faulty resource scarcity. This often resulted in huge losses for the industries. Hence, we come here with a solution of the Solar Captive Power plant method. With our captive powerplant plan, we will be helping to get the licenses and permissions from the Indian Government to install a separate solar powerplant for your manufacturing or business unit, that can exclusively be utilized by you.
We will guide you for the procedure to get the licenses and also support your firm, in the maintenance of the solar plant.
Third-party ownership of the solar power system is a form of solar financing, as a means to develop your solar project. The financing comes in two forms:
- Solar Leases
Unlike paying for the electricity bill generated by the solar power plant, you can sign an agreement and opt to pay the solar system developer/installer for using this solar plant over a period of time.
- Power Purchase Agreements (PPA)
In the PPA model, the solar installer/developer offsets the solar energy system’s electric utility bill. We are providing fixed rates to generate the power for you at our solar plants, which is ideally lower than the local utility rate.
Now that you know the type of solar power systems that you can invest in and install, which option do you prefer? Which option suits you the most? All these could be new questions at your end and We got your back!!!
You can now access our live demonstration of the solar projects which can help you generate massive solar savings.
