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Open Access
CAPTIVE CAPEX MODEL
In the Captive Capex Model, the buyer of the utility scale solar project puts in the upfront capital investment for the project. The buyer owns the solar plant and the power generated is used for self consumption. Sadbhav takes the responsibility of the turnkey EPC of the project right from project evaluation to final installation and commissioning. Our dedicated team, also takes care of the O&M of the plant.
Complete Ownership of Land and Asset -
The Captive Capex model allows clients to maintain ownership of the solar power plant. This enables them to take advantage of depreciation and input GST benefits, thus enabling them with greater savings. Additionally, a short payback period and high IRR returns ensure low landed levelized cost of electricity (LCOE).
Waiver of cross-subsidy and other additional surcharges -
The ownership structure of the captive capex model allows the omission of cross subsidy and other surcharges, which significantly reduce the power costs.
Accelerated Depreciation and Tax Benefits -
In the Captive Capex model, the client retains the plant ownership. This allows for accelerated depreciation benefits, thus directly leading to extra savings.
GROUP CAPTIVE MODEL
In the Group Captive Model, a solar power project is developed for the collective use of multiple industrial or commercial consumers. For a group captive project, a Special Purpose Vehicle (SPV) would be set up, wherein the corporate buyer(s) would hold only 26% of the equity portion of the project and needs to collective consume atleast 51% of the power produced. Multiple corporate clients could come together to pool in for the equity portion. In this case also, Sadbhav will take full responsibility to develop, operate, and maintain the solar power plant.
Minimum investment and risk required -
Multiple corporate clients could come together to avail the cheaper electricity, without completely owning and investing in the projects. The buyer(s) would invest 26% of the equity portion, with Sadbhav arranging the remaining 74%. This is done to meet the ownership criteria that allows exemption of cross subsidy and other surcharges.
Waiver of cross-subsidy and other additional surcharges -
The ownership structure of a group captive model allows the omission of cross subsidy and other surcharges, which significantly reduce the power costs.
Multiple corporate clients can be part of this program -
Multiple commercial and industrial clients can group together to avail cheaper electricity through the Open Access mode.
'Third Party' Model
Many industries today aim to lower their carbon footprint and make strides towards procuring 100% renewable energy for their operations.
Off-site solar solutions via Open Access helps achieve these sustainability goals, while ensuring guaranteed savings for every unit of solar power purchased.
In the Third Party Model, solar power generated at Sadbhav solar farms across India is supplied to your business facility, using the state’s transmission lines. Sadbhav bills you every month, for the number of solar units consumed, at a pre-determined tariff for 15-25 years.
Consumers who cannot opt for on-site solar solutions, because of higher energy requirement and space constraint within their premises, tend to for Third Party Open Access. Our solar tariffs come at a cost cheaper than the grid and the power generated is non-polluting.
Why should You consider the ‘Third Party’ model under Open Access Solar?
| ZERO upfront investment as there is no Capex involved, and you pay per unit electricity, in-line with the PPA |
| ZERO Solar power is significantly cheaper than grid-tariffs, clients can save up to 40% on costs per-unit. |
| There is long-term clarity and certainty on price-per-unit of electricity. |
| Risk-free option that requires NO technical expertise – Sadbhav will take care of end-to-end operations including setting up and servicing the solar asset . |