Open Access solar is a great way for large consumers of electricity to not just save on costs, but also make significant progress in meeting RPOs (Renewable Purchase Obligation) and long-term energy transition goals.

In the ‘Group-Captive’ model, a solar powered project is created for the aggregate use of a gathering of corporate purchasers. Nihon Energy will set up a SPV (Special Purpose Vehicle) for the gathering captive model, where the group of purchasers will hold 26% value; Together, all purchasers jointly will require to devour in any event 51% of the force – a PPA is attracted up to guarantee clarity on power taxes for 15-25 years.

The adoption of the Group Captive model is witnessing an increasing trend amongst corporates, because the savings per-unit electricity make it a compelling model. The capital investment is minimal, while per-unit tariffs are at least 25-40% cheaper than the grid. It is a great way for corporates to ease into energy transition and procuring from renewables.