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About Solar Power

Solar power is energy from the sun that is converted into thermal or electrical energy. Solar energy is the cleanest and most abundant renewable energy source available.

Solar energy is a very flexible energy technology: it can be built as distributed generation (located at or near the point of use) or as a central-station, utility-scale solar power plant (similar to traditional power plants). Both of these methods can also store the energy they produce for distribution after the sun sets, using cutting edge solar + storage technologies.

ROOF TOP SOLAR –NET METERING

Rooftop Solar Photovoltaics account for 40 per cent of the global solar photovoltaics installed capacity and one-fourth of the total renewable capacity additions.

Net Metering is a billing mechanism that credits solar energy system owners for the electricity they add to the grid. This mechanism allows utility customers to generate their own electricity cleanly and efficiently.


UTILITY SCALE SOLAR POWER - CAPTIVE OR GROUP CAPTIVE OR THIRD PARTY

A Captive Solar Power plant refers to a solar power plant that has been implemented by a company for its own consumption. This means, the power generated by the solar power plant is consumed entirely by the developing company itself.

A Group Captive solar farm is MW scale solar power plant developed on CapEx model in a remote location by SPV company. SPV is project special purpose vehicle company. All electricity consumer which is as an investor in this model will have equity share in SPV company.

The Open Access Solar Farm is a MW scale solar power plant established by an IPP on the OPEX model in remote locations and will do Medium/Long term PPA with multiple customers for this plant.

In a Third Party Open Access Mechanism, the Customer has no CapEx investment in the power plant and only has to pay for the electricity consumed from the IPP supply chain.

For large power consumers of more than 1MW, Open Access is an attractive option for them to choose their power supplier, access green electricity, and reduce their electricity costs.