85% Upfront Investment by Skybless, balance by the Society/ Building
Skybless shall recover its Capex investment by receiving a share of the monthly net savings
The Solar Plant asset gets transferred to the Society/ Buildingupon full recovery of the Capex by Skybless
The Society/ building has to agree for full off take of the energy generated and on an exclusive basis till asset transfer is done.
Skybless takes responsibility for projected energy generation excluding system downtime periods that are attributable to the Society/ Building, DISCOM, any other agency/party/authority or Force Majeure
All statutory and reasonable assistance required to ensure un-interrupted system operations is required from the Society/ Building
Any downtime, loss or damage to Solar plant infra or structures due to any persons, events or reasons, not pertaining to System Operations and maintenance undertaken by Skybless, is to Society/ Building’s account
Terms and conditions pertaining to many other scenarios have to be discussed and agreed between parties, to ensure reasonable and sufficient safeguards for each party