India’s DVC to develop nearly 1.8GW of floating solar – report

Share on facebook
Facebook
Share on twitter
Twitter
Share on linkedin
LinkedIn
Share on reddit
Reddit
Share on email
Email
Image: KSEB.

Indian state-owned power company Damodar Valley Corporation (DVC) will focus solely on solar projects to add additional capacity, as it looks to develop an extensive floating PV portfolio.

That is according to a Press Trust of India (PTI) report, which says the company has proposed 1,776MW of floating solar projects in four of its dams in the states of West Bengal and Jharkhand.

DVC member secretary Prabir Kumar Mukhopadhyay told the news agency that the firm plans to carry out the projects in three phases, the first of which will have a capacity of 50MW.

The move represents a significant solar buildout for DVC, which is predominantly focused on coal-fired generation and hydropower, with an installed capacity of more than 7.2GW. Mukhopadhyay said the corporation has, however, retired old thermal facilities with a total capacity of 840MW in the last two years.

The potential of India’s floating PV market was detailed in a recent report from think tank The Energy and Resources Institute (TERI), which found that the country’s reservoirs could be used to generate 280GW of solar power, with the states of Maharashtra, Karnataka and Madhya Pradesh showing significant promise. The study calculated the possibility for floating solar on the basis of 30% of the water surface area of the country's medium and large reservoirs.

TERI says that while ground-based installations currently represent around 93% of India's grid-connected solar PV sector, the country needs to explore and establish floating solar to meet national targets for renewable energy additions. It is estimated that the global annual capacity additions from floating solar in the country may rise from the 1.3GWp in 2018 to 4.6GWp by 2022.

“Floating solar PV could be a potential option for accelerating solar power deployment in the country, which would ultimately help in achieving NDC (nationally determined contributions) goals. It is time to look for bringing a conducive policy framework to encourage tapping this potential,” Ajay Mathur, director general at TERI, said.

The technology is also being harnessed by NTPC, India’s largest power company, which has around 250MW of floating solar projects under construction. The majority state-owned utility is aiming to develop more than 5GW of new solar capacity over the next two years as part of efforts to reduce its carbon footprint. The firm announced last week it will not to acquire any further land for greenfield thermal projects “in the near future”.

Read Next

May 18, 2022
The UN secretary-general, António Guterres, has issued a stark warning concerning the “dismal litany of humanity’s failure to tackle climate disruption” in an speech in which he set out “five critical actions to jumpstart the renewable energy transition”.
May 11, 2022
Energy advisory and assurance provider DNV has introduced two joint industry projects (JIPs) aimed to standardise the development of floating PV (FPV).
May 9, 2022
Indian independent power producer (IPP) Azure Power has appointed Harsh Shah as CEO, effective from 1 July, following the resignation of its previous CEO, Ranjit Gupta, last month.
May 6, 2022
Tata Power Solar has landed what it claims to be India’s largest single solar EPC order of 1GW for roughly INR5500 crore (US$715 million) from Indian state-owned utility SJVN Ltd.
May 6, 2022
The European Union (EU) should set higher solar PV deployment targets and speed up the energy transition to phase out its energy dependency on Russia as soon as possible, according to five member states of the bloc.
May 2, 2022
Private equity firm Actis has agreed to sell its Sprng Energy renewables platform to energy major Shell for US$1.55 billion.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
June 14, 2022
Napa, USA
Solar Media Events
October 4, 2022
New York, USA