Ujaas buys the land, but it is later transferred to the investor. If someone owns 2 MW from the 30 MW park, their land, panels and substation are separately fenced. However, Ujaas still has access to the whole park for O&M. Land forms 2-3% of the total cost of setting up a solar park. Ujaas is not a trader. Any selling (one time) of RECs it undertakes is on behalf of it customers as part of the service package. Ujaas owns some unsold RECs on its own but that is from a 15MW solar park they set up for tax benifit, else all RECs are in names of the investors in the solar parks.
Till recently, for each MW setup, Ujaas would charge ~ 6.5 – 7 cr.(incl. all services mentioned above) of which 1 cr. would be PAT, and further 0.1 cr. annually for O&M with 5% annual increase for 20 years. This is the sole source of revenue.
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