What are the benefits of a solar Group Captive PPA?

[Enernew]

A solar Group Captive PPA offers several benefits for businesses looking to adopt renewable energy. It allows multiple companies to jointly invest in a solar power plant and share the generated electricity, reducing individual costs. This arrangement provides long-term energy price stability, shielding participants from fluctuating utility rates. It also promotes sustainability by lowering the collective carbon footprint and contributing to cleaner energy use. Additionally, solar group captive PPA often come with tax benefits and incentives, improving the overall financial viability of the project. This model is especially attractive for industries aiming to meet renewable energy targets efficiently and cost-effectively.