India targets to set up 10 GW of floating solar PV projects

The Solar Energy Corporation of India (SECI), an Indian government energy agency, has invited Expression of Interest (EoI) from prospective project developers to set up 10 GW of floating solar PV (FSPV) projects of different sizes in a phased manner within the next three years.
SECI intends to collect information about feasibility of FSPV projects and prospective developers in the market to enable the organization in formulation and calling of bids for the selection of developers on build, own and operate basis. The floating solar project developers will be assured of solar power off-take generated from the projects through long-term Power Purchase Agreements (PPA). SECI will identify different sites (water bodies and reservoirs) for the development of the projects.
SECI, under the administrative control of Ministry of New and Renewable Energy (MNRE) is working towards creation of a capacity 100 GW of solar power plants by 2022. Currently, it is the implementing agency for installation of Solar projects under National Solar Mission Phase II.

Related News