A captive power plant is an electricity generation facility owned and operated by commercial or industrial consumers for their exclusive energy consumption. These plants offer autonomy and reliability to businesses by providing a dedicated source of power tailored to their specific needs. Renewable captive power plants utilize sustainable energy sources such as wind, solar, hybrid, etc., offering businesses the opportunity to reduce their carbon footprint while ensuring a stable and sustainable energy supply. These renewable energy solutions not only contribute to environmental conservation but also offer long-term cost savings and energy independence to the businesses that employ them.
The Group Captive Model entails an electricity generation facility owned and operated by multiple commercial or industrial consumers for their exclusive energy consumption. Under this model, the power generated from the captive or group captive generating plant must be utilized by the captive user(s), who collectively invest at least 26% of the equity in the project company. This arrangement allows participating businesses to share the benefits and responsibilities associated with owning and operating the power generation facility, while also ensuring a stable and reliable energy supply tailored to their specific needs. The power generated from the captive/ group captive generating plant should be used by the captive user(s) by investing at least 26% of the equity in the project company.
At Opera Energy, we facilitate the establishment of a Special Purpose Vehicle (SPV) for group captive arrangements, wherein Commercial and Industrial (C&I) consumers collectively hold a minimum of 26 percent equity in the project. Additionally, these consumers must collectively consume at least 51% of the power generated by the group captive plant. We assume full responsibility for the construction, commissioning, operation, and maintenance of the Group Captive Plant, ensuring seamless operations and reliability for the C&I users. By entrusting Opera Energy with these responsibilities, C&I consumers can focus on their core business activities while benefiting from a stable and cost-effective energy solution tailored to their needs.