CUSTOMIZED SOLUTIONS TO MEET YOUR SOLAR NEEDS!
WHY CAPTIVE?
In current scenario, considering other available & viable business options for going solar, Captive or group captive projects may be the most cost-effective and low financial risk option for you. Captive option gives your firm an opportunity to meet its own energy needs, make attractive savings per-unit of electricity, with minimal capital investment, and at per-unit tariffs which are at least 25-40% cheaper than the grid.
HOW IT WORKS?
Under the captive/group captive model, a solar project is developed for the internal usage of one or more corporate buyers either singly or collectively. The Electricity Rules 2003 state that in relation to a captive generating power plant, not less than 26% ownership shall be held by the captive users, and not less than 51% aggregate electricity generated, on an annual basis, shall be consumed on a captive basis. Further, cross subsidy surcharge is completely exempted in captive and group captive projects, as per India’s Electricity Act of 2003.
MULTI FOLD DRIVERS
- Continually increasing cost of power forming a major component of input costs
- Uncertainty in power supply
- Captive consumers can avail accelerated depreciation for their investment
- Group captive consumers can avail power at cost by investing only a fraction of the total project cost
- Corporate buyers can secure power at low costs
- Rise of group captive renewable projects over the procurement of traditional power on power exchanges
- Companies that want to avoid power tariff volatility on the energy exchanges favour renewable power procurement via captive/ group captive solar projects
- Minimum investment and financial risk: Option of availing open access benefits of a group captive project without owning it
- Lower LCOE: In comparison to the cost of grid power, for a captive ground mounted project, the LCOE can be much lower
- In captive mode, the consumer-investor owns the assets
- Captive Consumer can set off GST on Solar project Capex
WHY VIKRAM SOLAR
NO TECHNICAL EXPERTISE REQUIRED
Vikram Solar, with its EPC experience & turnkey projects execution, will provide the required turnkey EPC solution while installation & commissioning the solar plant with all pre-requisite regulatory approvals from the DISCOM/respective authorities and due-diligence
SINGLE POINT OF RESPONSIBILITY
Sustainable Operations & Maintenance: Our dedicated team of Asset Management experts will look after the solar plant over its full life-cycle
OUR IN-HOUSE EPC STRATEGY TEAM
Our team will ensure the completion of your solar plant from concept to commissioning
TURNKEY EPC SERVICES OFFERED
- Risk analysis
- Turnkey project execution at different stages of the project, including:
- – Facilitating to obtain Government & Statutory approvals
- – Site survey
- – Basic and detailed engineering
- – Execution
- – O&M
