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Capex Model

Capital Expenditure (Capex) Model

The responsibility for funding the setup of the solar power plant rests with the customer. SUNRITI PROJECTS assumes the role of an Engineering Project company, overseeing the entire project lifecycle, from design and engineering to procurement, installation, and commissioning. Additionally, SUNRITI PROJECTS offers comprehensive technical expertise, including feasibility and project reports, as well as handling interactions with regulatory bodies such as the Electricity Board and CEIG, including securing the necessary project site clearances.

In this CAPEX model, the customer retains ownership of the plant and is eligible for tax benefits related to depreciation. The payback period for this CAPEX model typically spans around 5 to 6 years, factoring in considerations like module degradation, operation and maintenance costs, and more.

In-Plant solution

Under the In-Plant Solution, the Solar PV Power project is strategically placed within the customer's plant premises, leveraging technically advantageous locations. There are several installation options available to suit the customer's preferences and feasibility:

  • Solar panels can be installed in areas with ample sunlight and devoid of shadows, including rooftops of plant buildings or other structures within the plant premises.
  • Ground-mounted solar plants can be set up in open, shadow-free spaces within the plant premises.
  • Additionally, the roofs of car parking sheds can be effectively utilized for solar plant installations.

In general, the lifespan of the installed solar power plant extends to 25 years. In-Plant solutions are primarily characterized as Grid-Interactive solar systems. This means that the power generated by the solar plant is seamlessly integrated into the plant's energy consumption during daylight hours. Customers benefit from this arrangement by using the generated power for captive consumption, and any surplus electricity produced is exported to the grid. This ensures maximum utilization of solar energy while contributing to grid sustainability.

Open-Access Solution

Ground-mounted solar power projects are designed to be installed at various locations within the state or union territory. These projects are interconnected with the local substation, and their operational lifespan typically spans 25 years. This arrangement operates under the concept known as "wheeling," where power generated is exported to the local substation, and energy consumption is reconciled within the Plant Bill after accounting for technical losses and open access charges.

  • Choice of Wheeling Models
    Companies are free to choose the below models provided by local Electricity authority to wheel their power.
  • Captive Mode
    In this mode, the client takes on 100% of the investment responsibility, and SUNRITI PROJECTS plays a crucial role as the EPC (Engineering, Procurement, and Construction) partner. SUNRITI PROJECTS handles tasks such as identifying suitable land, obtaining approvals and permissions, and designing, engineering, installing, and commissioning the solar plant. The power generated by this plant is injected into the nearest substation. Clients benefit from bill offsets, and minimal charges are incurred, aligned with the local state's open access policy.
  • Group Captive Mode
    Under this mode, power purchasers enter into a Power Purchase Agreement (PPA) with the client and become part of the project consortium by investing a percentage (usually 26% to 30%) of the project equity, with the remaining investment borne by the developer. SUNRITI PROJECTS, as the EPC partner, facilitates land acquisition, approvals, design, engineering, installation, and commissioning. Power generated by the plant is injected into the nearest substation, and limited charges apply, based on the local state's open access policy.
  • 3rd Party Mode
    In this mode, the client assumes full investment responsibility with no contribution required from the purchaser. The client engages an EPC (such as SUNRITI PROJECTS) to construct and maintain the solar farm, generating solar energy. The energy produced is injected into the nearest substation or the regional grid, with applicable open access charges, including surcharges and cross-subsidy charges, deducted as per local state open access policies. All open-access projects operate on a utility-scale, grid-interactive basis, allowing consumers to plan for 60-80% of their overall power utilization in accordance with state policies. This diverse set of models offers flexibility for companies seeking to harness the benefits of ground-mounted solar power projects while aligning with their specific financial and operational preferences.

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