October 23 (Solar) – Indian independent power producer (IPP) ReNew Power Limited announced last week that it has won the tender for developing a 3-MW floating solar photovoltaic (PV) project at the Meghadrigedda reservoir in Visakhapatnam, Andhra Pradesh.
According to the company, the project will be among the largest floating solar ones in India, estimated to generate around 4.2 million kWh of power and offsetting over 3,960 tonnes of carbon dioxide (CO2) emissions on annual basis.
ReNew Power won the project in a bidding process held by Greater Visakhapatnam Municipal Corporation (GVMC). The latter will finance the floating solar park via an Asian Development Bank (ADB) grant, under their Urban Climate Change Resilience Trust Fund.
Prabhat Kumar Mishra, Head – Distributed Solar and Offtake at ReNew Power, commented that utilising just 10%-15% of India’s water resources for floating solar installations could lead to generating up to 300 GW of power.