1. INTRODUCTION
India has set a target of achieving 100 GW power capacity
through grid-connected solar energy, out of which 40 GW is targeted
to come through rooftop solar installations by 2022. Due to several
factors, including frequent power cuts, increasing prices of
conventional power, high irradiation, and the falling costs of
solar power, demand has been rising in the rooftop solar
market.
The RESCO model is one of the methods of implementing rooftop
solar installations. Under the RESCO model, a renewable energy
service company ("RESCO"), (i.e., an
energy service company that provides energy to consumers from
renewable energy sources), develops, installs, finances, operates
and owns the rooftop solar power project
("Project"), and supplies power
generated from the Project to the consumer on whose premises the
Project is set up ("Customer") or to the
grid through net-metering.
