Solar Farm
Solar farms are large scale solar installations where photovoltaic (PV) panels, referred to as solar panels, or other means of collecting solar energy, like concentrating solar systems are used to harvest the sun’s power.
Typical Structures of Open Access Group Captive Solar Power Project
01. develop, construct & build
GSER proposed to develop, construct, & build Solar Farm with investment arrangement under Captive and Group Captive modes by forming the dedicated SPV with the offtaker for long term.
In Group Captive, the offtaker to invest only 26 of total equity (i.e around INR 34 Lakhs/MWp to INR 36 Lakhs/MWp) and to consume 100% of total power generated, for complying with Group Captive Norms.
02. Power Transmission
Power generated from Solar Farm will be transmitted to Grid with metering arrangement and offtaker will get same injected solar power adjustment in his monthly Discom bill against monthly power consumption.
Offtaker has no liabilities of :
- Solar Project Performance
- Project related coordination with Grid
- O&M activities and management of project
03. Cost Optimization
Offtakers pay for the solar power at the pre-decided solar power rate for longer tenure that provides the visibility of substantial cost optimization support to boost up the bottom line of business.
Average Annual Savings : 15 - 30% on Discom sourced electricity consumption costs.
* Considering current Discom tariff to INR 7.07/unit with 3% percent annual escalation (For industrial consumer)
For commercial consumer, the savings will be more.
