What is renewable energy procurement and how does it work for businesses?
Renewable energy procurement is the process by which commercial and industrial businesses source electricity directly from clean energy sources like solar, wind, or hybrid projects. Through models like Corporate PPAs, Capex, Group-Capex, or Third-Party Open Access, businesses bypass high grid tariffs and lock in lower, predictable energy rates. Opten Power automates this entire process — from project discovery to contract finalization — on a single platform.
What types of businesses can use Opten Power's procurement platform?
Opten Power is designed for any high-consumption commercial or industrial entity, including manufacturing units, steel plants, cement factories, textile mills, IT parks, data centres, warehouses, hospitals, hotels, commercial complexes, and fertiliser conglomerates. If your business pays grid tariffs of ₹5/unit or more, you are likely a strong candidate for renewable procurement savings.
What procurement models are available on the platform?
Opten Power supports three core procurement models: Capex (full asset ownership with tax and depreciation benefits), Group-Capex (shared ownership with maximum procurement efficiency and wheeling charge exemptions), and Third-Party Open Access (no upfront procurement cost, no maintenance responsibilities, flexible PPA terms — ideal for businesses with grid tariffs of ₹10–15/unit).
How much can my business save on energy costs?
Businesses using Opten Power's Corporate PPAs can cut energy costs by up to 40%. Under the Group-Capex model, per-unit savings of ₹3–5 are achievable. Exact savings depend on your current grid tariff, consumption volume, state of operation, and chosen procurement model. The platform provides instant procurement viability calculations for transparent comparison.
How quickly can a deal be closed on the platform?
Opten Power's automated tender engine and pre-approved modular contract templates reduce deal closure time by up to 50% compared to traditional procurement. Once you register and your energy profile is matched to eligible projects, you can launch automated RFPs to multiple developers, compare bids, and finalize contracts — all within a single, streamlined workflow.
Which states does Opten Power operate in?
Opten Power has an active presence across 16 states in India, with real-time DISCOM intelligence and standardized landing prices available for each. This pan-India coverage ensures that businesses operating in multiple locations or states can manage all their renewable procurement from a single unified platform without navigating each state's regulations independently.
Does Opten Power help with project support for renewable energy?
Yes. Beyond procurement, Opten Power is an energy procurement marketplace that connects businesses with verified project partners for deal facilitation through its Project Support service. The platform also offers M&A advisory for renewable asset transactions. Whether you are pursuing a Capex project or looking to acquire an operating asset, Opten Power supports the deal coordination process.
Can I trade or sell renewable energy assets through the platform?
Yes. Opten Power's Asset Trading marketplace enables buyers and sellers to transact operating and greenfield renewable energy assets in the Indian market. The platform provides verified data rooms, transparent pricing, and structured processes for quick closings — making it suitable for investors, IPPs, and developers looking to acquire or divest renewable energy assets efficiently.