Captive Solar Power Plant: Cost, Setup Process, and Benefits for Industries
Electricity costs continue to rise for industries across India, and many companies are looking for long-term solutions that bring stable pricing and reliable supply. This is where the Captive Solar Power Plant Gurgaon model has gained popularity. It lets industries produce their own electricity at a cheaper rate and reduce their dependence on grid power. In this guide, we’ll explore what captive solar systems are, how they work, the costs involved, the benefits, and the steps needed to set one up. What Is a Captive Solar Power Plant? A Captive Solar Power Plant is a solar project where power is generated mainly for the company that owns or invests in it. According to the Electricity Act, a project qualifies as captive when: The consumer owns at least 26 percent equity in the plant The consumer uses at least 51 percent of the power generated This model can be used by manufacturing units, large commercial complexes, or organizations with high energy demand. Industries prefe...