The solar industry has experienced remarkable growth in recent years, driven by increasing environmental awareness, technological advancements, and favourable government policies. As the sector continues to evolve, various business models have emerged to cater to different market segments and consumer needs. In this blog, we'll delve into three prominent business models used in the solar industry: Capital Expenditure (CAPEX), Renewable Energy Service Company (RESCO), and Independent Power Producer (IPP). We'll explore their unique characteristics, advantages, and challenges, providing insights for both industry professionals and potential solar adopters. Capital Expenditure (CAPEX) Model The CAPEX model is perhaps the most straightforward approach in the solar industry. Under this model, customers purchase and own the solar power system outright, taking full responsibility for its installation, operation, and maintenance. Key Features: - Upfront investment: Customers bear
Waaree Energies Ltd., the flagship company of the Waaree Group, was founded in 1989. It is India’s largest solar module manufacturer with a capacity of 12 GW, which is also the largest in the world outside China.