RESCO (Renewable Energy Services/Supply Company) Model revolves around the pay-as-you-save from solar energy. RESCO Model is also called as the BOOT (Build-Own-Operate-Transfer) Model. Hinduja Renewables has expertise in building projects under the RESCO Model. The consumer has to execute a Power Purchase Agreement (PPA) for a period ranging from 15 to 25 years.
In OA Model, the consumer has to pay only for the solar energy that the plant has produced. OA Model is a zero-investment model and the solar plant is built, owned and operated by Hinduja Renewables for the term of the PPA
The tariffs offered will be suitably discounted over the prevailing grid tariffs. This will enable the consumer to gain substantial savings in their electricity bills
Hinduja Renewables takes complete ownership of the project and responsibilities for operation and maintenance of the system for the term of the PPA. The operations and maintenance of the project are performed by a team of experts to provide incremental yields year on year.
The Government of India has set an ambitious target of 40GW of rooftop solar by 2022. Both the Central and State Governments and their agencies are offering favourable regulations so as to allow RESCO Developers to setup rooftop plants. Subsidies are also being offered for developing rooftop solar plants on Governmental buildings.
Open Access Model makes use of the open-access program of the state discoms which allows the solar power producer to sell solar energy at a remote location from the solar plant by using the Distribution Company (Discom) electricity grid infrastructure. A Power Purchase Agreement (PPA) is signed with the consumer to supply power through this model. The meter reading and billing units here are approved by the State Discom.
In OA Model, the consumer has to pay only for the solar energy that the plant has produced. OA Model is a zero-investment model and the solar plant is built, owned and operated by Hinduja Renewables for the term of the PPA
The tariffs offered will be suitably discounted over the prevailing grid tariffs. This will enable the consumer to gain substantial savings in their electricity bills
Hinduja Renewables takes complete ownership of the project and responsibilities for operation and maintenance of the system for the term of the PPA. The operations and maintenance of the project are performed by a team of experts to provide incremental yields year on year.
The consumer does not have to make any effort to get the required permissions. All permissions will be taken by Hinduja Renewables.
In Group Captive Scheme Hinduja Renewables will develop a solar plant to feed solar energy to multiple consumer locations in the same state. The consumer here needs to maintain 26% equity in the Special Purpose Vehicle created for this project and consume at least 51% of electricity from the project. This model is an extension of the Open Access Policy. This project is executed through a Power Purchase Agreement (PPA) and the Share Purchase Agreement (SPA).
The tariffs offered will be suitably discounted over the prevailing grid tariffs. This will enable the consumer to gain substantial savings in their electricity bills
Hinduja Renewables takes complete ownership of the project and responsibilities for operation and maintenance of the system for the term of the PPA. The operations and maintenance of the project are performed by a team of experts to provide incremental yields year on year.
Hinduja Renewables Energy Pvt Ltd.
Unit No 1, Ground Floor, Boston House,
Suren Rd, Gundavali, Andheri East, Mumbai, Maharashtra 400053
022 6787 9999
