India’s renewable energy company Amp Energy India has signed a power purchase agreement (PPA) with Rewa Ultra Mega Solar Ltd (RUMSL), a floating solar park developer, for 100MW/140 MWp capacity.
RUMSL, a joint venture of Solar Energy Corporation of India and Madhya Pradesh Urja Vikas Nigam Ltd., has been designated as a solar power park developer by the Ministry of New and Renewable Energy for the state of Madhya Pradesh.
The developer is planning a 600MW floating solar park at the Omkareshwar Reservoir, which is said to be India’s largest floating solar project.
The project will be developed in two phases, with 300MW in each phase at pre-identified locations at the Omkareshwar Reservoir.
As explained, the project is under the build, own, operate, transfer (BOOT) model for a fixed tariff of 25 years.
It will generate about 198MUs per year and will also help mitigate about 85,654 MT of CO2 per annum.
Shri Sanjay Dubey , chairperson of Rewa Ultra Mega Solar Ltd, said: “We are proud to partner with Amp Energy India, one of India’s leading renewable energy companies, in developing the world’s largest floating solar power project.
“This project will not only utilize the latest technology to generate renewable energy but also benefit from the inherent advantages of floating solar viz. efficient operations due to lower temperature coefficient and avoidance of loss due to evaporation. We are confident that this will encourage greater adoption of floating solar across India allowing us to achieve our national renewable energy targets.”
Commenting on the project, Pinaki Bhattacharyya , MD & CEO of Amp Energy India, said: “ (…) While solar energy is an important source of renewable power, the deployment of solar projects requires large contiguous parcels of land, which is not always available. Floating solar projects can be a great alternative to this and help mitigate developmental risks.
Bhattacharyya added that such projects “ can play an important role in achieving India’s renewable energy targets given the quantum and magnitude of water reservoirs in the country”.
Register for Offshore Energy Exhibition & Conference: