Construction underway for 24MW floating PV plant in India

Share on facebook
Facebook
Share on twitter
Twitter
Share on linkedin
LinkedIn
Share on reddit
Reddit
Share on email
Email
The installation is the latest for India's slowly growing floating PV ecosystem. Credit: KSEB

India’s floating solar market is poised for a boost after the construction of a utility-scale installation began in the Tamil Nadu state.

Greenam Energy, the renewable unit of conglomerate AM International, is now working to deploy 24MW worth of floating capacity at an industrial reservoir in the city of Tuticorin, on India’s southern tip.

The facility will power a factory complex owned by SPIC – one of AM International’s fertiliser maker companies – and sell the excess electricity to state-owned utilities.

Ashwin Muthiah, founder and chair of AM International, took to Twitter to convey his “pride” at the launch of construction works. Speaking to local media after laying the plant’s foundation stone, Muthiah described southern India’s tropical, water-abundant environment as “ideal” for floating solar.

The installation is the latest of a growing number in India’s floating PV ecosystem. In Tamil Nadu, it could be followed in Tamil Nadu by a further 250MW tendered in the southern state last month by the Solar Energy Corporation of India, which is eyeing a 10GW pipeline across the entire country.

Outside the state, further projects have become operational or lie at various development stages in Andhra Pradesh, Himachal Pradesh, Jharkand, Kerala, Rajasthan, among other territories.

Together with China and Southeast Asia, India was last November found by the World Bank to be spearheading global growth of floating solar, from 10MW in late 2014 to 1.1GW in September 2018.

At US$0.83 to US$0.92 per megawatt, Indian installations were the cheapest in World Bank rankings. Japan, where costs reached US$3.12/MW, was the most expensive market.

Read Next

May 5, 2021
SHV Energy, a Netherlands-based liquified petroleum gas (LPG) distributor, has acquired a majority stake in Indian solar developer SunSource Energy.
April 30, 2021
Solar manufacturers that plan on setting up integrated, higher capacity plants in India will be given preference in the country’s new production-linked incentive (PLI) programme.
April 14, 2021
Solar industry players should collaborate with governments and regulators to overcome floating PV permitting and bankability issues and unlock the potential of the technology in Europe, a panel has concluded.
April 12, 2021
The April 2021 episode of the Solar Media Podcast, sponsored by Honeywell, is now available to stream, featuring lessons from Asia on how to push floating solar forward.
April 8, 2021
Green hydrogen may become cheaper than natural gas by 2050, falling by 85% over the next 30 years, but declining costs in the solar sector will be crucial for the nascent technology's growth.
PV Tech Premium
April 8, 2021
After a challenging year, India’s solar sector stands primed for something of a rebound. But a host of familiar issues, from the perilous state of DISCOMs to regulatory uncertainty, run the risk of stymying future growth. Vinay Rustagi, managing director at consultancy Bridge to India, talks to PV Tech about the future prospects for Indian solar.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
May 11, 2021
Upcoming Webinars
May 26, 2021
Session 1 - 7:00 AM (BST) | Session 2 - 5:00 PM (BST)
Solar Media Events
June 15, 2021
Solar Media Events
July 6, 2021