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Our team consists of experienced professionals with a deep understanding of solar technology and its benefits
Get in touch
Our team consists of experienced professionals with a deep understanding of solar technology and its benefits
Get in touch
Our team consists of experienced professionals with a deep understanding of solar technology and its benefits
Group Captive Projects
In a Group Captive model, multiple consumers jointly invest in and own a solar plant through a Special Purpose Vehicle (SPV) and each member consumes at least 51% of the generated power, unlocking open‑access benefits. Under the Electricity Rules, 2005, each captive user must hold a minimum 26% equity in the SPV, ensuring genuine ownership and preventing purely trading entities from misusing the model. This structure enables industries and commercial consumers to pool resources, share capital costs, and secure power at tariffs often lower than retail grid rates
In a Group Captive model, multiple consumers jointly invest in and own a solar plant through a Special Purpose Vehicle (SPV) and each member consumes at least 51% of the generated power, unlocking open‑access benefits. Under the Electricity Rules, 2005, each captive user must hold a minimum 26% equity in the SPV, ensuring genuine ownership and preventing purely trading entities from misusing the model. This structure enables industries and commercial consumers to pool resources, share capital costs, and secure power at tariffs often lower than retail grid rates
In a Group Captive model, multiple consumers jointly invest in and own a solar plant through a Special Purpose Vehicle (SPV) and each member consumes at least 51% of the generated power, unlocking open‑access benefits. Under the Electricity Rules, 2005, each captive user must hold a minimum 26% equity in the SPV, ensuring genuine ownership and preventing purely trading entities from misusing the model. This structure enables industries and commercial consumers to pool resources, share capital costs, and secure power at tariffs often lower than retail grid rates
The Electricity Act, 2003 and subsequent amendments to the Electricity Rules, 2005, provide the legal foundation for captive and Group Captive generation, permitting captive plants to sell surplus power to the grid under mutually agreed terms Open‑access regulations allow captive consumers to wheel power across state boundaries, subject to surcharge caps (not exceeding 20% of the average cost of supply) and cross‑subsidy exemptions, making interstate Group Captive projects viable In 2022, MNRE clarified that Approved Models and Manufacturers List (ALMM) requirements do not apply to open‑access or captive projects whose approvals pre‑date October 1, 2022, easing module sourcing for existing Group Captives
The Electricity Act, 2003 and subsequent amendments to the Electricity Rules, 2005, provide the legal foundation for captive and Group Captive generation, permitting captive plants to sell surplus power to the grid under mutually agreed terms Open‑access regulations allow captive consumers to wheel power across state boundaries, subject to surcharge caps (not exceeding 20% of the average cost of supply) and cross‑subsidy exemptions, making interstate Group Captive projects viable In 2022, MNRE clarified that Approved Models and Manufacturers List (ALMM) requirements do not apply to open‑access or captive projects whose approvals pre‑date October 1, 2022, easing module sourcing for existing Group Captives
The Electricity Act, 2003 and subsequent amendments to the Electricity Rules, 2005, provide the legal foundation for captive and Group Captive generation, permitting captive plants to sell surplus power to the grid under mutually agreed terms Open‑access regulations allow captive consumers to wheel power across state boundaries, subject to surcharge caps (not exceeding 20% of the average cost of supply) and cross‑subsidy exemptions, making interstate Group Captive projects viable In 2022, MNRE clarified that Approved Models and Manufacturers List (ALMM) requirements do not apply to open‑access or captive projects whose approvals pre‑date October 1, 2022, easing module sourcing for existing Group Captives
Group Captive Projects
In a Group Captive model, multiple consumers jointly invest in and own a solar plant through a Special Purpose Vehicle (SPV) and each member consumes at least 51% of the generated power, unlocking open‑access benefits. Under the Electricity Rules, 2005, each captive user must hold a minimum 26% equity in the SPV, ensuring genuine ownership and preventing purely trading entities from misusing the model. This structure enables industries and commercial consumers to pool resources, share capital costs, and secure power at tariffs often lower than retail grid rates
Minimum Equity: Each member must hold ≥26% of SPV equity, and collectively consume ≥51% of output
Minimum Equity: Each member must hold ≥26% of SPV equity, and collectively consume ≥51% of output
Minimum Equity: Each member must hold ≥26% of SPV equity, and collectively consume ≥51% of output
SPV Formation: Consumers must form a separate legal entity (SPV) to develop and operate the solar plant
SPV Formation: Consumers must form a separate legal entity (SPV) to develop and operate the solar plant
SPV Formation: Consumers must form a separate legal entity (SPV) to develop and operate the solar plant
Consumption Commitment: Members must commit to off‑take at least 51% of generated energy either directly or via storage systems
Consumption Commitment: Members must commit to off‑take at least 51% of generated energy either directly or via storage systems
Consumption Commitment: Members must commit to off‑take at least 51% of generated energy either directly or via storage systems
Open‑Access Permission: Obtain interstate or intrastate open‑access approvals from state utilities and regulators
Open‑Access Permission: Obtain interstate or intrastate open‑access approvals from state utilities and regulators
Open‑Access Permission: Obtain interstate or intrastate open‑access approvals from state utilities and regulators
Key Considerations
Regulatory Delays: Open‑access approvals can be time‑consuming and vary by state.
Equity Compliance: Strict monitoring of shareholding and consumption to avoid penalties.
Grid Infrastructure: Adequate transmission capacity is critical to avoid curtailment.
Contractual Clarity: Clear PPAs and SPV agreements mitigate future disputes
Key Considerations
Regulatory Delays: Open‑access approvals can be time‑consuming and vary by state.
Equity Compliance: Strict monitoring of shareholding and consumption to avoid penalties.
Grid Infrastructure: Adequate transmission capacity is critical to avoid curtailment.
Contractual Clarity: Clear PPAs and SPV agreements mitigate future disputes
Key Considerations
Regulatory Delays: Open‑access approvals can be time‑consuming and vary by state.
Equity Compliance: Strict monitoring of shareholding and consumption to avoid penalties.
Grid Infrastructure: Adequate transmission capacity is critical to avoid curtailment.
Contractual Clarity: Clear PPAs and SPV agreements mitigate future disputes
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Do you have questions about our services or want to learn about sustainable living?
GET IN
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Do you have questions about our services or want to learn about sustainable living?