Solar EPC Projects
Solar EPC Projects
Rara-Avis Renewable Energy Private Limited is a fully forward-integrated and comprehensive EPC solutions provider. The Company offers Design, Detailed Engineering, procurement, Installation and Commissioning services under Turnkey Solar EPC Solutions for Utility scale Ground-mounted, Rooftop and distributed, Solar Parks, CAPEX as well as OPEX projects.
The highly skilled and dedicated EPC Team at Rara-Avis Renewable Energy Private Limited ensures the completion of each solar plant from concept to commissioning including its operation and maintenance for the complete lifespan of the plant. The company, over the years, has developed an internationally accredited expertise in engineering and technology, procurement and project management, construction and commissioning, with a strong command over asset management. Its business model ranges from the acquisition of developed sites to the servicing and maintenance of completed solar arrays throughout its lifespan.
Benefits of PPAs to Solar Customers
- No or low upfront capital costs: The developer handles the upfront costs of sizing, procuring and installing the solar PV system. Without any upfront investment, the host customer is able to adopt solar and begin saving money as soon as the system becomes operational.
- Reduced energy costs: Solar PPAs provide a fixed, predictable cost of electricity for the duration of the agreement and are structured in one of two ways. Under the fixed escalator plan, the price the customer pays rises at a predetermined rate, typically between 2% – 5%. This is often lower than projected utility price increases. The fixed price plan, on the other hand, maintains a constant price throughout the term of the PPA saving the customer more as utility prices rise over time.
- Limited risk: The developer is responsible for system performance and operating risk.
- Better leverage of available tax credits: Developers are typically better positioned to utilize available tax credits to reduce system costs. For example, municipal hosts and other public entities with no taxable income would not otherwise be able to take advantage of the Section 48 Investment Tax Credit.
- Potential increase in property value: A solar PV system has been shown to increase residential property values. The long term nature of these agreements allows PPAs to be transferred with the property and thus provides customers a means to invest in their home at little or no cost.