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India Solar
Operating solar plants in India · 5 MW and above

Own a running solar plant in India. Directly.

We find and check grid-connected solar plants that already sell power under long-term contracts, and see the purchase through. You own the plant company outright. Afterwards, we introduce vetted local firms for operations and security, or manage them for you.

For professional and accredited investors, family offices and institutions. Information only; not an offer of securities.

SAMPLE PLANT DOSSIER Illustrative figures
25 MW AC solar plant, Rajasthan
Operating since 2023 · central-auction PPA
Buyer of power
SECI, 25-year PPA
Tariff
₹2.55 / kWh, fixed
Metered history
36 months
Actual vs expected output
98.4% of P50
Average days to get paid
31 days
PPA years remaining
22
Land lease registered Inspector approval on file Engineer's report due

This is the format every shortlisted plant comes in. Real dossiers are shared only after KYC.

You own the shares
One investor per plant company. No pooled accounts, no fund units.
Legal route is open
Power generation allows 100% foreign ownership under India's automatic route.
Meter-level reporting
Monthly generation, invoices and payments, plant by plant.
Risks next to numbers
Every return figure comes with its assumptions and what can go wrong.

Why we focus on plants that are already running

Most losses in Indian solar happen before a plant switches on: land, permits, grid connection and construction. A running plant has passed those stages and has a record you can check.

No build risk

Land is leased and registered, the plant is connected, and the electrical inspector has signed off. You are not waiting on a commissioning date.

A record to check

Years of joint meter readings, invoices and payment dates show how the plant and its buyer actually perform, not how a forecast says they will.

Income from day one

The plant earns from the month you buy it. Larger plants and portfolios can later be sold to power producers or infrastructure trusts.

How ownership works

Six stages, from first call to monthly reports.

  1. 1 · Introduction
    Call and KYC

    We learn your goals, ticket size and country, then complete identity, beneficial-owner and source-of-funds checks.

  2. 2 · Mandate
    Agree what to look for

    Size, power buyer, state, tariff range and target return, set out in a fixed-fee advisory agreement.

  3. 3 · Shortlist
    Screen plants for sale

    We screen plants against your mandate and share dossiers with meter, payment and land records.

  4. 4 · Diligence
    Check everything

    Independent engineer, legal and land review, payment history, contract consents and a model built from real data.

  5. 5 · Acquisition
    Buy the plant company

    Valuation certificate, share purchase, RBI filing within 60 days, and any lender or utility consents.

  6. 6 · Ownership
    Run it your way

    We introduce vetted local O&M, security and compliance firms for you to manage, or we oversee them for you and report every month.

Read the full process

What returns look like, and what moves them

The power price is fixed for decades. Your return is not: it depends mostly on the price paid for the plant, how much it generates, how promptly the buyer pays, and the exchange rate.

Type of plantTypical tariffEquity return in INR* In USD, if the rupee keeps its 20-year trend*
Recent central-auction plant (SECI)₹2.4–2.6 ~9–17% ~6–13%
2018–20 state or central PPA₹2.7–3.1 ~9–17% ~5–13%
Commercial and industrial buyer₹3.5–4.0 ~14–24% ~10–20%

*Illustrative model ranges, not a forecast or promise. Post-tax at the Indian company level, before Indian withholding tax on dividends and your home-country tax. Lower end assumes a higher purchase price; 55% acquisition debt; rupee weakening about 3.7% a year against the US dollar. Each plant gets its own model built from its meter data.

Risks we check on every plant

Late payment by the buyer

We review the payment record and the utility's rating, and favour central buyers with letters of credit.

Lower generation

Expected output is set from actual meter data and satellite irradiance, then checked by an independent engineer.

Currency

Income is in rupees. We report returns in your currency and discuss hedging and loan-based structures.

Contract changes

We check change-of-ownership clauses, pending tariff reviews and any history of renegotiation.

Land and title

Registered lease longer than the PPA, all co-owner consents and a 30-year title search.

Equipment

Thermal drone scans, module and inverter warranties, and a plan for inverter replacement.

Built on first-hand plant experience

India Solar was founded by Pradeep Kumar, who has first-hand experience of 20 MW of solar plants in Rajasthan under India's PM-KUSUM scheme. That ground experience is what we bring to checking a plant before you buy it.

Start with a call