Home Energy News Power News ReNew Power bags floating solar field project

    ReNew Power bags floating solar field project

    floating solar field

    ReNew Power, a renewable energy company, has announced that it has bagged a project to develop a floating solar field at Visakhapatnam, Andhra Pradesh. The floating solar photovoltaic (PV) field would have a generating capacity of 4.2 million units of power annually – making it one of the largest floating solar fields in India.

    The tender for the project was floated by the Greater Visakhapatnam Municipal Corporation (GVMC). The GVMC would also fund the project through sanctions from the Asian Development Bank under their Urban Climate Change Resilience Trust Fund.

    Against the back drop of climate change and environmental impact, alternate sources of energy are increasingly gaining momentum. Floating solar parks and fields is especially gaining traction in India due to the potential it offers. According to estimates, floating solar panels can generate up to 300 Gigawatt of power if only 10-15 per cent of India’s water resources are utilised for the purpose.

    “We believe floating solar power plants can play a critical role in a country like India which has abundant water bodies,” said Prabhat Kumar Mishra, head – distributed solar & offtake, ReNew Power.

    Mishra further added, “Multiple factors including higher efficiency and lower installation time have contributed to floating solar gaining momentum, with Solar Energy Corporation of India (SECI) inviting an Expression of Interest to generate 10,000 Mw through this channel.”

    The 3 MW floating solar photovoltaic (PV) field would be located on the Meghadrigedda reservoir, Visakhapatnam and would offset 3,960 tonne of carbon emissions every year, ReNew announced in a statement.

    Image Courtesy – Financial Express

    Read – ReNew Power to buy wind power business of KC Thapar Group for Rs 1,000 crore


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