A new JMK Research report shows India installed 1,891 MW rooftop/on-site solar in 2022, including 378 MW in Opex mode (operating expenditure) mode, wherein a third-party company (developer/RESCO) owns, installs, and operates the system at consumer premises. Capex mode on-site installations (wherein consumers own the system) stood at 1,513 MW.
Amplus accounted for around one-third (26%) of Opex mode on-site installations in 2022 by deploying 100 MW.
JMK report projects rooftop solar installations in 2023 to touch 2.8 GW.
“OPEX model is ideal for companies with expansion plans in tune with their green initiatives…. The customers avail saving benefits on their electricity bills, get closer to their net-zero targets and all this with zero upfront investment and no procedural hassles,” said Anil Bhat, business CEO, Distributed Solar, Amplus Solar.
Rooftop solar systems installed under the OPEX or RESCO model require consumers to enter a long-term (up to 25 years), legally binding power purchase agreement (PPA) with the developer, thus making the latter the system’s owner for its entire lifetime. The developer provides operation and maintenance services while bearing all capital expenses and risks.
Amplus has developed a state-of-the-art in-house data monitoring system, Hawk AI, which helps track solar plants’ performance in real-time, thus ensuring zero downtime and increased productivity.
Amplus owns and manages a portfolio of over 1.4 GW of distributed solar assets. It provides clean energy solutions to commercial and industrial customers by setting up on-site solar projects (rooftop and ground-mounted) and off-site solar farms. It has also diversified into new avenues such as battery storage, residential solar, and electric vehicle-based logistics solutions.
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