For years, solar power was viable only for big foundries with massive electricity consumption, However, these new government regulations have changed that completely.
As per Renevik Solar, a Company specialising in Solar Projects for Foundries, Now even MSME foundries consuming just 2 to 3 lakh units annually can now slash power costs by 70% through solar energy with landed costs as low as only 2-3 rupees per unit.
Here’s a look at the two main schemes on offer:
2 Simple Ways to Access Solar Power
1. Group Captive Solar:
Via this model, multiple foundries invest together in a shared solar plant where they each own a portion and use power according to their share.
This enables 40% to 50% lower costs than grid power with complete exemption from cross subsidy charges too.
Renevik Solar advises this is a unique way to split the investment and also share the benefits.
2. Zero Investment PPA :
Via this model, A developer builds and operates the plant fully and foundries pay nothing upfront.
However, Renevik mentions that a signed Power Purchase Agreement is needed as per the units the foundry would usually consume.
This enables Immediate savings without any capital investment.
The New Rules Made This Possible :
As per Renevik, Maharashtra now allows consumers with just 100 kW load to use solar open access, something that was not available earlier.
Gujarat too has removed all capacity restrictions and waives cross subsidy charges.
Further, even national rules dropped the threshold from 1 MW to now only 100 kW.
These policy reforms have helped solar capacity to grow 90% in just one year.
Here’s how Renevik Makes adopting Solar easy for Foundries :
- They handle all paperwork, approvals and compliance. with the respective electricity boards and government agencies.
- They structure the right deal whether group captive or PPA with clear legal contracts.
- They also arrange financing and offer guarantees.
While you focus on your Foundry, They deliver Solar Power.
Reach Renevik Solar Today Below :
Mobile: +919724459644 / +919167020450
Email: hello@reneviksolar.com
Website: https://reneviksolar.com/
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