This model is also known as Build Own Operate Transfer (BOOT) model or Zero Investment Solar Model.
In opex model, we take care of the investment required for the solar power plant and hence, we own the asset (Plant).
Lumira Powers is also responsible for Design, Engineering, Procurement, Construction, Monitoring, and Maintenance of the solar power plant.
We and our client agree on a PPA (power purchase agreement) for a decided duration of time, which is typically 15-25 years and according to the tenure, the tariffs varies.
The client is billed every month on the basis of actual energy generated by the solar plant.
After the PPA terminates, the asset is transferred to the consumer.
