Solar PPA

What if your rooftop could be a power producer?

Pay per kWh from your solar plant with added value to your premises

Significant cost savings for businesses

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Ricans

Solar PPA

Ricans funds and installs a Solar PPA power plant on your premises. Solutions are customised to suit your requirements and include carports & superstructures.

As a customer, you get the multi-fold-benefit:

  •    Zero investment
    from customer
  •    No Techno-financial
    risk for customer
  •    Guaranteed Savings
     for every unit purchased
  •    End-to-End
     service delivery
  •    Hassle-free Maintenance
    ensuring high performance

How the model works

  •    Ricans provides Upfront Investment and sets up the plant
  •    Ricans signs a Power Purchase Agreement (PPA) with customer
  •    Ricans does Designing, Procurement, Construction, Installation and Commissioning of the plant on the premises of the customer
  •    The customer pays per kWh of electricity
  •    The customer enjoys Guaranteed Savings through reduction in electricity bills as Ricans’ tariffs are and will always be lower than that of grid
  •    Ricans provides Hassle-Free Maintenance to the plant through real-time analytics and remote monitoring system.

Rooftop & Ground-Mount Focused

Recommended by customers who are leading the ‘clean energy way’ with Ricans’ on-site Solar plants

What is a Solar PPA?

A Power Purchase Agreement is a contractual agreement where a third-party developer finances, installs, owns, and operates a solar energy system on a consumer's property.

The consumer (off-taker) agrees to purchase the electricity generated by the system at a predetermined rate for a specified duration (typically 10-25 years).

Key Features

  •    Zero Upfront Costs
  •    Savings on Electricity Bills
  •    Ownership
  •    Long-Term Commitment
  •    OPEX Model
  •    The OPEX (Operational Expenditure) model refers to financing where the consumer pays for electricity or system operation as an operating expense rather than investing capital upfront.
  •    This term is often used interchangeably with PPA but emphasizes the operational expenditure nature.

Benefits of Solar PPA/OPEX Projects

  •    Cost Savings
  •    No Maintenance Hassles
  •    Risk Mitigation
  •    Sustainability Goals

Ideal Customers for PPA/OPEX Models

  1. Commercial and Industrial (C&I) customers with high electricity demand.
  2. Educational institutions, hospitals, and non-profits.
  3. Residential communities (collective models like housing societies).
  4. Governments and municipalities aiming to meet renewable energy targets.
Industry Report

Yamaha Motors

6.2 MWp

HAL

4 MWp

Rapid Metro

400 kWp

Vatika Group

500 kWp