Opex Solar Project
Renewable Energy Service Company is an energy service company which provides energy to the customer from renewable energy sources usually from Solar Photovoltaic, Wind Power or Hydropower. RESCO about pays as you consume electricity. Since it is operated and maintained by the RESCO, it carries a longer production run than the CAPEX model.
Highlights
Solar Power Plant is owned by the RESCO and ENERCO (Energy Company).
The customer service does not own any rights on the solar energy system.
Customers have to sign the Power Purchase Agreement (PPA) with an actual investor at a mutually agreed tariff and tenure.
The customer only pays for electricity consumed as per units for power basis.
RESCO developer is responsible for its annual operation and maintenance.
RESCO gets the benefit by selling surplus power generated to the DISCOM.