ReNew Power has won the tender for developing a 3 MW floating solar PV project in Visakhapatnam, Andhra Pradesh. When commissioned, this project will be among the largest floating solar PV projects in India. ReNew won this project after participating in a bidding process conducted by Greater Visakhapatnam Municipal Corporation (GVMC) for installation of a floating solar PV project at Meghadrigedda reservoir located in Visakhapatnam, Andhra Pradesh. This project is being financed by GVMC through a grant received from Asian Development Bank (ADB) under their Urban Climate Change Resilience Trust Fund. In total, this project is estimated to generate around 4.2 million units of power annually, offsetting over 3960 tonnes of carbon emissions every year.
Speaking on this occasion, Prabhat Kumar Mishra, Head – Distributed Solar & Offtake, ReNew Power, said “Floating solar is an emerging technology trend with huge potential and we are proud to be associated with this project at the Meghadrigedda reservoir, Visakhapatnam. We believe floating solar power plants can play a critical role in a country like India which has abundant water bodies. Factors like higher efficiency and lower installation time have also contributed to floating solar gaining momentum of late, with SECI inviting an EoI to generate 10 GW through this channel. As per industry estimates, if only 10 per cent- 15 per cent of India’s water resources are utilised for setting up floating solar plants, it could generate up to 300 GW of power. Our collaboration with GVMC in this initiative reflects ReNew’s commitment to deploy innovative solutions for generating clean energy to meet India’s growing needs.”