Group Captive Solar
If yours is a business that regularly consumes large volumes of electricity, you might be able to save money with Open Access solar, while getting closer to meeting your RPO’s (Renewable Purchase Obligation) and long-term energy transition goals.
iPower RE’s Group Captive model is ideally suited for collective use by a group of corporate buyers, and involves the setting up of a SPV (Special Purpose Vehicle) for the group captive model, in which buyers will hold 26% equity. Collectively, the buyers must consume a minimum of 51% of the power, and a PPA will be collated to make sure that electricity tariffs for 15 to 25 years are made clear.
How popular is the Group Captive model?
Corporates are increasingly turning towards this model as a result of the savings they can make per electricity unit, which are significant to say the least. With a minimal capital investment, and tariffs that can be up to 40% less than the grid, corporates can make the transition to renewable energy a smooth and financially rewarding one.
Benefits of the Group Captive model
With several significant advantages, it’s easy to see why this particular model has become increasingly popular with corporates over the years:
☀️ Guaranteed savings of up to 40% per unit of electricity
☀️ 26% equity as a minimal capital investment to guarantee waiver of ‘cross-subsidy surcharge’
☀️ Additional surcharge under ‘captive’ and group captive’ models for open Access, waived
☀️ Simple and straightforward energy transition process, handled in its entirety by iPower RE
☀️ Meet as much as 80% of your requirement from renewables – something that is limited by regulations.
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