"Does your organization require significant electricity or aim to lower energy costs? We offer tailored solutions to meet your needs."

"Open Access allows corporates and industries to purchase power from the open market, enabling them to meet their electricity needs at lower-than-grid tariffs. This is an ideal solution for clients who lack sufficient roof space and need to set up a solar power plant at a remote location. In addition to cost savings, Open Access promotes the adoption of green energy, helps reduce CO2 emissions, and supports a sustainable energy future.“

The Electricity Act, 2013 allows power consumers having the connected load of over 1 MW to buy power from sources other than the state distribution utility. We offer electricity to industrial and commercial users under long-term PPAs under Third Party, Group Captive or Captive open access model as per prevailing state regulations

GMC is an experienced solar power developer in the field of open access. Our group companies have extensive experience and capabilities in the field of EPC for grid-connected utility-scale solar power projects. Our team of experienced professionals can manage the end to end implementation of solar power projects right from the conceptualization to execution and operations. We offer the most optimum and customized solutions to all our customers

"Does your organization require significant electricity or aim to lower energy costs? We offer tailored solutions to meet your needs."

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. Multiple corporate clients could come together to pool in for the equity portion. In this case also, GMC 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 and GMC will 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.

"Does your organization require significant electricity or aim to lower energy costs? We offer tailored solutions to meet your needs."

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. GMC 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 leveled 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.