Larsen & Toubro to build 75MW floating solar plant in India

Facebook
Twitter
LinkedIn
Reddit
Email
Larsen & Toubro’s floating solar project will have a capacity of 75MW. Image: Tata Power

Indian engineering, procurement and construction (EPC) firm Larsen & Toubro has received a contract to build a 75MW floating solar plant on the Panchet Dam in the eastern Indian state of Jharkhand.

The project is part of the Ultra Mega Renewable Energy Power Park at the dam, part of an Indian government scheme to accelerate the construction of new clean power projects. Under the project, the government can cover up to 30% of the cost of building the project, and between the programme’s inception in 2014 and 2023, the initiative has supported the construction of 37.9GW of solar capacity.

This article requires Premium SubscriptionBasic (FREE) Subscription

Unlock unlimited access for 12 whole months of distinctive global analysis

Photovoltaics International is now included.

  • Regular insight and analysis of the industry’s biggest developments
  • In-depth interviews with the industry’s leading figures
  • Unlimited digital access to the PV Tech Power journal catalogue
  • Unlimited digital access to the Photovoltaics International journal catalogue
  • Access to more than 1,000 technical papers
  • Discounts on Solar Media’s portfolio of events, in-person and virtual

Or continue reading this article for free

The plant will be built by the power transmission and distribution division of Larsen & Toubro, and the company announced that the project will have a total value of between US$333.8 million and US$667.6 million. The work will follow the company’s announcement of its involvement in the sixth phase of the mammoth Mohammed bin Rashid Al Maktoum project in the UAE, which has a capacity of 1.8GW.

While the company did not announce which manufacturer would supply equipment for the project, it noted that it would be built on reservoirs constructed by the Damodar Valley Corporation, which has built a number of dams in the region.

The news is the latest development in the Indian floating solar sector, following state-owned hydroelectric power generation company Satluj Jal Vidyut Nigam (SJVN)’s plan to build a new 90MW project in Madhya Pradesh last year. While floating solar is not a significant contributor to the global solar industry in terms of capacity, interest in the power source is growing, with Wood Mackenzie reporting last year that the sector could install more than 6GW of capacity before 2031.

Larsen & Toubro’s work will also help the Indian renewables sector, which, according to the government, met 30.2% of India’s power demands in 2023. Solar alone accounted for 16.1% of electricity demand, compared to coal meeting 49.1% of demand, and the government has sought to address this imbalance in its latest interim budget, with new incentives proposed for the rooftop solar sector in particular.

Read Next

June 24, 2025
FRV has started commercial operations at its 55MW Masrik-1 PV project in Armenia, the largest to enter operation in the country.
June 24, 2025
Waaree Renewable Technologies has signed an MoU with Viet Khanh to establish a 100MWp solar project in the region. 
June 24, 2025
BluPine Energy has raised INR2,416 million (US$290 million) debt sanctions for its 150MW power project in Aland, Karnataka.
June 23, 2025
Waaree Energies will relocate its proposed 6GW vertically-integrated manufacturing facility for ingots, wafers, cells, and modules in India.
Premium
June 23, 2025
As solar plants age, the possibility of voltage collapse increases. Thomas Mart and Jeetu Jangle of Solarlytics examine the problem.
June 23, 2025
Solar project developer Cero Generation has started commercial operations at its 48MW Castrum agrivoltaics (agriPV) project in western Italy.

Subscribe to Newsletter

Upcoming Events

Upcoming Webinars
June 30, 2025
10am PST / 6pm BST
Solar Media Events
July 1, 2025
London, UK
Solar Media Events
July 1, 2025
London, UK
Media Partners, Solar Media Events
July 2, 2025
Bangkok, Thailand
Media Partners, Solar Media Events
September 2, 2025
Mexico City, Mexico