{"id":22984,"date":"2020-12-16T12:00:18","date_gmt":"2020-12-16T06:30:18","guid":{"rendered":"http:\/\/www.greenworldinvestor.com\/?p=22984"},"modified":"2020-12-16T12:00:18","modified_gmt":"2020-12-16T06:30:18","slug":"floating-solar-costs-fall-in-india","status":"publish","type":"post","link":"https:\/\/iiec-india.org\/greenworld\/2020\/12\/16\/floating-solar-costs-fall-in-india\/","title":{"rendered":"Floating Solar Costs Fall in India"},"content":{"rendered":"

Floating Solar power projects have been witnessing\u00a0a decline in the investment cost. India\u00a0achieved the lowest investment cost globally, of as low as Rs. 35\/ watt for a\u00a0floating solar project, with 70MW capacity. Major reasons for the fall in cost were\u00a0reducing costs of floaters and materials, improvement in manufacturing processes, reduction in thickness of floaters, and aggressive bidding in the country.<\/p>\n

NHPC, a leading public sector company in India aspires to become the largest floating solar company. It has collaborated with Damodar Valley Corporation (DVC) to construct\u00a01,800 MW of floating solar projects, spread over many reservoirs. This is touted to become the world’s largest floating solar\u00a0capacity after China’s 120 MW floating solar plant in Anhui. However, NHPC won’t be constructing a single floating solar plant but multiple plants at various locations across the country. The enterprise was expected to start work this year, but the COVID-19 pandemic dampened its spirit. However,\u00a0NHPC had rolled out an\u00a0EPC\u00a0tender for a 50-MW floating\u00a0solar power\u00a0project in Kerala in June 2020.<\/p>\n

\"solar-panels-on-the-water1\"<\/a><\/p>\n

Other than NHPC, NTPC, Tata Power Solar are other large entities exploring floating solar projects in India. One of NTPC’s solar\u00a0floating platform\u00a0was\u00a0developed by NETRA (NTPC Energy Technology Research Alliance), the R&D arm of NTPC Ltd, in collaboration with the Central Institute of Plastic Engineering & Technology (CIPET), Chennai. Tata Power Solar won another of NTPC’s solar projects to develop a 105 MW floating solar power project in Kerala in the last year.\u00a0<\/strong>The advantages of floating solar<\/a><\/strong> are many when compared to utility-scale or rooftop solar. Given its credential to be built on water bodies and not requiring land makes it more lucrative in India. Other than that, water bodies cool down the temperature of the solar\u00a0plant\u00a0and thus avoids the panels to be heated up. India has ambitious plans for floating solar plants. The\u00a0country is targeting at least 10,000 MW of floating solar projects. India has over 5,000 dams and there are\u00a0large free reservoir areas for putting up floating solar plants. It is estimated that there is 18,000 sq km of the reservoir area, on which ~2.8 lakh MW of potential solar plants can be built. Currently,\u00a0there is more than 1,700 MW worth of\u00a0floating solar projects which are under various stages of development.<\/p>\n

\n","protected":false},"excerpt":{"rendered":"

Floating Solar power projects have been witnessing\u00a0a decline in the investment cost. India\u00a0achieved the lowest investment cost globally, of as low as Rs. 35\/ watt for [\u2026]<\/span><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_eb_attr":"","content-type":"","footnotes":""},"categories":[30,45,52],"tags":[308,1982,1986,3766,3812],"class_list":["post-22984","post","type-post","status-publish","format-standard","hentry","category-india-green-stocks-greeninvest","category-solar-renewable-energy-greeninvest","category-solar-panels","tag-advantages-of-floating-solar","tag-floating-solar-costs-fall-in-india","tag-floating-solar-lowest-cost-in-the-world","tag-nhpc-floating-solar","tag-ntpc-floating-solar"],"_links":{"self":[{"href":"https:\/\/iiec-india.org\/greenworld\/wp-json\/wp\/v2\/posts\/22984","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/iiec-india.org\/greenworld\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/iiec-india.org\/greenworld\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/iiec-india.org\/greenworld\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/iiec-india.org\/greenworld\/wp-json\/wp\/v2\/comments?post=22984"}],"version-history":[{"count":0,"href":"https:\/\/iiec-india.org\/greenworld\/wp-json\/wp\/v2\/posts\/22984\/revisions"}],"wp:attachment":[{"href":"https:\/\/iiec-india.org\/greenworld\/wp-json\/wp\/v2\/media?parent=22984"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/iiec-india.org\/greenworld\/wp-json\/wp\/v2\/categories?post=22984"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/iiec-india.org\/greenworld\/wp-json\/wp\/v2\/tags?post=22984"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}