A new sustainability regime is emerging—and corporates must evolve from transactions to ownership.
ESG compliance in India has crossed the threshold from “narrative” to mandatory measurement, driven by:
• BRSR Core
• SEBI’s assurance mandates
• Global value-chain pressure from EU CBAM and SEC climate rules
• CDP’s upgraded Scope-2 attribution
• Lenders’ green-taxonomy requirements
• IFC-aligned credit frameworks
What this means is simple:
Corporates can no longer claim renewable energy—they must prove it.
And this is where the standard PPA model collapses.
1. Traditional RE procurement fails upcoming ESG assurance tests
Grid-delivered RE (even under OA) relies on SLDC schedules, not on asset-level traceability. With congestion, curtailment, and thermal blending, several issues emerge:
• Carbon auditors downgrade RE claims due to insufficient traceability
• Green hydrogen and green manufacturing eligibility becomes uncertain
• SLDC logs cannot prove true renewable attribution
• Multinationals reject “non-firm” RE claims in scope-2 filings
• Banks begin to discount non-traceable RE in sustainability-linked loan pricing
ESG has become a financial variable—not a CSR statement.
2. Supercaptive solves traceability by design: ownership = certainty
Under OKAGA’s Supercaptive structure:
• Corporates own equity in the generation asset
• Production and consumption are digitally matched
• OKAGA’s RE ledger links every MWh to asset-level metadata
• Curtailed hours are transparently reported
• Carbon intensity of each delivered unit is auditable
• Scope-2 reporting becomes real-time and defensible
This is the holy grail for BRSR, CDP, SEBI, and global value-chain audits.
3. Lenders prioritise asset-linked ESG (not certificate-based ESG)
Banks, PE funds, and credit institutions now classify corporate PPAs as:
• Tier 1 – Equity-linked, asset-level RE (supercaptive)
• Tier 2 – Long-term contracted RE (group captive / RTC PPAs)
• Tier 3 – Short-term market RE or REC-based claims
Tier 1 receive better credit spread pricing, lower ESG-risk weighting, and higher underwriting confidence.
Supercaptive is the only Tier-1 compliant structure available at scale.
4. ESG assurance demands granular, not generic data
OKAGA’s Supercaptive architecture generates:
• Plant-level carbon intensity
• Hourly MWh provenance
• Weather-adjusted performance indices
• Curtailment-adjusted delivery
• Asset-lifecycle emissions attribution
• Automated audit packs
For boards and chief sustainability officers, this shifts ESG from a reporting burden to a strategic differentiator.
5. The world moves to “own your decarbonisation”
From EU CBAM to SEC climate rules, the emerging global norm is clear:
Only assets you control count towards genuine decarbonisation.
Supercaptive is India’s fastest, most secure path to this paradigm.
Four decades of industry experience delivering not just green energy but providing complete operational, financial and ESG control.
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