Solar farm in India
The benefit of procuring power from offsite open access solar farms in India. The Solar power is supplied considering the Time of Year (TOY) and with banking restrictions prevailing in India.
Letâs assume that this large corporate has a need for a continuous and constant power load of 100 units throughout the year 24×7.
Then power procurement through an open access solar farm alone can cater to only 60 units i.e. for every 100 units of electricity required only 60% of the power requirement can be substituted by solar energy without the risk of incurring significant banking losses and also customer can achieve around minimum 25% savings on their annual electricity bills.
Today we have a large network of private offsite open access renewable energy farms across India, through which we supply large corporates clean energy as per their requirements.
You can choose to procure low cost renewable energy using any of the below models.
Third Party
Captive
Group Captive
At SSV, we can meet all your business electricity needs by supplying renewable energy from our offsite private Solar farms, Wind farms and Wind Solar Hybrid (WSH) Farms across India. Open access power tariffs are much cheaper than grid tariffs. Moreover, this model allows consumers to overcome the limitations of onsite solar installation, as it is a scalable option which is not constrained by availability of space at your facility. With open access power, you begin to enjoy affordable renewable energy from day one.
There are many reasons businesses like yours are considering renewable power over conventional power. For industrial and commercial consumers, open access power translates into regular electricity supply at a lower cost, while also helping reduce their carbon footprint.
At SSV, we can meet all your business electricity needs by supplying renewable energy from our offsite private Solar farms, Wind farms and Wind Solar Hybrid (WSH) Farms across India. Open access power tariffs are much cheaper than grid tariffs. Moreover, this model allows consumers to overcome the limitations of onsite solar installation, as it is a scalable option which is not constrained by availability of space at your facility. With open access power, you begin to enjoy affordable renewable energy from day one.
There are many reasons businesses like yours are considering renewable power over conventional power. For industrial and commercial consumers, open access power translates into regular electricity supply at a lower cost, while also helping reduce their carbon footprint.
At SSV, we can meet all your business electricity needs by supplying renewable energy from our offsite private Solar farms, Wind farms and Wind Solar Hybrid (WSH) Farms across India. Open access power tariffs are much cheaper than grid tariffs. Moreover, this model allows consumers to overcome the limitations of onsite solar installation, as it is a scalable option which is not constrained by availability of space at your facility. With open access power, you begin to enjoy affordable renewable energy from day one.
There are many reasons businesses like yours are considering renewable power over conventional power. For industrial and commercial consumers, open access power translates into regular electricity supply at a lower cost, while also helping reduce their carbon footprint.
Frequently Asked Questions
1.How can a corporate buyer avail the Open Access benefits of a group captive project without completely owning the project?
The corporate buyer must hold at least 26% of the equity while the developer arranges for the rest 74%. A Power Purchase Agreement (PPA) can be signed on mutually agreed terms between the developer and the buyer. In such a project, the O&M responsibilities are usually passed on to the developer
2.While looking at a Group Captive project, what should a corporate buyer do to avoid any risk of being hit with charges and legal challenges?
The corporate buyer should ensure that a Group Captive project is fully compliant with the spirit of the law, and with the Electricity Act and the proposed amendments to the Electricity Rules by following two simple guidelines:
- Equity participation:Â A genuine equity contribution, equal to 26% of the equity cost, assuming 70/30 debt to equity ratio
- Economic participation:Â Which means paid up equity share capital with full rights such as, value, share of profit/dividends, capital appreciation, voting rights, transfer of shares etc. should be applicable for all shareholders
3.Is it possible for a corporate buyer to terminate the PPA in a group captive model?
Given the regulatory requirement for the lead captive buyer to own a minimum of 26 percent of the power generating plant, ownership must be transferred to another captive buyer or back to the primary investor if the PPA terminates or expires. Parties typically agree to a put/call option structure to transfer the shares upon expiry/termination of the PPA. If either the captive generator or the buyer is a non-resident or foreign-owned and controlled entity, then subscription/purchase of equity shares as well as subsequent transfer must comply with the Reserve Bank of Indiaâs pricing guidelines.