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					</table>Despite growing demand from energy-intensive industrial sectors, solar open access projects are not seeing much traction in Telangana due to a lack of policy clarity.
Open access developers say that consumers can save up to ₹5 (~$0.06)/kWh under the captive model, while under the third-party open access model, the savings could be about ₹1 (~$0.01)/kWh.
At a recent Mercom India <a href="https://www.mercomindia.com/event/c-and-i-clean-energy-meet-2025-hyderabad" target="_blank" rel="noopener">C&amp;I Clean Energy Meet</a> session titled ‘Clean Power Purchase – Switching To Renewable Energy And Optimizing Savings’ in Hyderabad, project developers discussed the reasons for lower adoption, the viability of different types of open access models, and the feasibility of adding battery energy storage with solar.
Developers claim that policy uncertainty has led to a significant disparity in the market for green energy open access in Telangana and Andhra Pradesh.
Yogish HN, Vice President at <a href="https://enerparc.in/" target="_blank" rel="noopener">Enerparc Energy,</a> said Telangana has added only 16 MW of open access in the last two years due to policy uncertainty. “On the other hand, Andhra Pradesh has added around 500 MW to 600 MW of solar projects.”
He added that Telangana’s new clean energy policy has drawn considerable interest from consumers and developers, but high cross-subsidy charges and banking costs continue to affect consumers.
Yogish stated that in Telangana, there is a growing demand from the IT sector, data centers, pharma, food, and textiles. However, developers like Enerparc are in a “wait and watch” mode due to policy uncertainty.
He added that executing captive or group captive projects is also a challenge in Telangana. Applications for such projects are being received, but approvals are delayed. “Utilities see open access projects as competition. Currently, rooftop solar is the only immediate option, or consumers can buy renewable energy certificates to go green,” said Yogish.
According to Rahul Makahaniya, Chief Marketing Officer at <a href="https://www.soleosenergy.com/" target="_blank" rel="noopener">Soleos Solar Energy</a>, out of 100 customers, 60 choose green energy open access for cost savings, and 30 due to regulatory pressures, such as renewable purchase obligations. “However, 10% choose solar because their customers demand it.”
Panelists said that the new clean energy policy from Telangana will mandate 35% to 40% of power procurement from renewable sources.
Load Profiling
Vikram Malkotia, Vice President (Project Development and C&amp;I) at <a href="https://upcrenewables.com/" target="_blank" rel="noopener">UPC Renewables India</a>, said consumers must understand the open access market, want competitive renewable energy, and be willing to navigate regulatory hurdles.
Explaining the process of setting up a green open access project, Malkotia said the process starts with load profiling. “We ideally ask a 15-minute load profile, but at least they must have a time-of-the-day-based load profile.”
The threshold for qualifying for green energy open access is above 100 kW. He added that to opt for open access, consumers need to decide the tenure of power procurement, ranging from short-term, five-year, and 25-year, and select the project model.
Panelists said that Telangana consumers prefer rooftop solar because net metering is allowed up to 1 MW, making it easy to invest in. If demand is higher, consumers opt for behind-the-meter projects, which allow them to consume locally but not export to the grid.
Yogish added that Enerparc analyzes the load profile of 15-minute slots over the last 12 months and suggests the optimal mix.
Savings 
Consumers can save on power costs by gaining a lower landed cost against an average grid tariff of ₹8 (~$0.09)/kWh.
Makahaniya said that the savings would depend on the type of open access model. “For captive projects, consumers can save up to ₹5 (~$0.06)/kWh.” The payback for such projects ranges between two and a half to three years.
He added that under the group captive model, consumers can procure power at a landed cost of ₹4.75 (~$0.05)/kWh with savings ranging from ₹3 (~$0.03)/kWh to ₹3.5 (~$0.04)/kWh.
While the group captive projects mandate a cumulative equity investment of up to 26%, developers say that consumers can expect a return on investment within 12 months.
He explained that under the third-party open access model, consumers can obtain power at a landed tariff of ₹6.5 (~$0.07)/kWh to ₹7 (~$0.08)/kWh, providing a saving of ₹1 (~$0.01)/kWh.
BESS Viability
Bundling of battery energy storage systems (BESS) is not viable in Telangana, and the market needs to wait for large-scale deployment.
Makahaniya said that the batteries become viable when there is a policy constraint for power banking. “In Telangana, banking is allowed up to 30% with an 8% banking charge. The battery will only be viable when the costs go down.”
“Currently, if you add a BESS to an existing solar project, it adds ₹2.5 (~$0.03)/kWh to ₹3.5 (~$0.04)/kWh to the project.”
Makahaniya said BESS is currently viable in the C&amp;I sector, particularly with a high nighttime tariff.
To draw more consumers to go green, Mercom India hosts a multicity ‘C&amp;I Clean Energy Meet’ series designed to provide C&amp;I energy buyers with the knowledge and tools they need to adopt clean energy solutions and lower their power costs. The next Clean Energy Meet event will be held in <a href="https://www.mercomindia.com/event/c-and-i-clean-energy-meet-2025-jaipur" target="_blank" rel="noopener">Jaipur</a> on September 19, 2025.

Policy Uncertainty a Barrier for Solar Open Access in Telangana

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					</table>Maharashtra-based building material manufacturer, <a href="https://www.everestind.com/" target="_blank" rel="noopener">Everest Industries</a>, will procure 3 MW of solar power from Enerparc Solar Power 10’s 15 MW solar project for its Podanur plant in Coimbatore, Tamil Nadu, in group captive mode.
Enerparc Solar Power 10 is a special purpose vehicle (SPV) of <a href="https://enerparc.in/" target="_blank" rel="noopener">Enerparc Energy</a>.
The project will help the company increase its renewable energy utilization in Tamil Nadu.
Everest has invested ₹10.65 million (~$121,607) to acquire 1.06 million shares at a face value of ₹10 (~$0.114)/share for an equity stake of 5.31% .
The stake acquisition is expected to be completed by November 30, 2025.
Everest has a paid-up capital of ₹363.7 million (~$4.15 million).
The company provides solutions for roofing, walls, and ceilings.
According to Everest’s annual reports from the financial year 2024, it has installed more than 2,800 kW of solar modules across its facilities. It has also set up rooftop solar projects to meet the power requirements of each facility.
In the same year, Everest commissioned a 700 kW solar project at Narmada works, Gujarat, which met nearly 42% of the plant&#8217;s total requirement. It also set up a 1,100 kW captive solar project in Lakmapur, Karnataka, in captive mode, which met 11% of the plant’s requirement.
Everest also set up a 500 kW solar project at its Somnathpur works in Odisha, in March 2024.
In May, Everest Industries <a href="https://mercomindia.com/everest-industries-to-source-5-5-mw-solar-power-from-amplus" target="_blank" rel="noopener">announced</a> that it would procure 5.5 MW of solar power from a group captive project of Amplus Energy Solution’s (now Gentari) SPV, Amplus Ampere. Everest would invest ₹17.6 million (~$205,494) for 1.76 million, or 3.12% equity shares, at a face value of ₹10 (~$0.12) per share in Amplus Ampere. The total capacity of Amplus Ampere’s project is 54.94 MW. The acquisition would be completed by September 30, 2025.

Everest Industries to Offtake Power from Enerparc’s 15 MW Solar Project

<a href="https://www.enerparc.de/" target="_blank" rel="noopener">ENERPARC AG</a>, a solar project developer, secured bridge financing for a 325 MW project portfolio consisting of solar PV and hybrid projects, including energy storage projects. The French investment firm, Eiffel Investment Group, provided the financing.
The portfolio consists of fifteen solar projects located in the states of Rhineland-Palatinate, Schleswig-Holstein, and Brandenburg. The projects vary in size, with the smallest at approximately 6 MW and the largest at 39 MW. Most of these projects are either constructed or about to reach completion and are expected to be commissioned soon.
The portfolio projects benefit from various revenue streams, including feed-in tariffs under the Renewable Energy Act (EEG), as well as from innovation tenders due to additional battery storage (BESS) capacity installed and several Power Purchase Agreements (PPAs), both including baseload and pay as forecasted offtake schemes.
Enerpac was supported by Capcora as financial advisor and Simmons&amp;Simmons as legal advisor. Eiffel Investment Group was advised by Bird&amp;Bird as the lenders legal counsel.
&#8220;With the successful completion of this transaction, we have finalized the financing for an extensive portfolio. Most importantly, we have expanded our network of financing partners by adding a new partner from the debt fund sector. This enables us to react even more flexibly to the constantly changing market conditions and to find optimal financing solutions for our growing portfolio,&#8221; said Marco Langone, Head of Finance at Enerpac.
According to Mercom&#8217;s Q4 and Annual Funding and M&amp;A <a href="https://cms.mercomindia.com/product/annual-q4-2023-solar-funding-ma-report/" target="_blank" rel="noopener">report</a>, large-scale project funding deals announced in 2023 came to $44.5 billion in 229 deals, of which 196 were disclosed.
ib vogt, a renewable energy project developer, achieved financial <a href="https://cms.mercomindia.com/ib-vogt-secures-376m-in-financing-spanish-solar-project-portfolio/" target="_blank" rel="noopener">closure</a> for a 418 MW solar PV portfolio in Spain. The PV portfolio consists of three projects clustered around Segovia, in the autonomous community of Castile and León, Spain.

ENERPARC Secures Bridge Financing for 325 MW Solar and Hybrid Projects in Germany

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