Vikram Solar Lands Floating Solar Plant Deal

August 15, 2014 By Kirsten Korosec

vikram solarIndian panel maker Vikram Solar won a contract to build India’s first floating solar power plant.

The 15-kilowatt pilot plant, which aims to study whether placing a solar installation above water will boost generation by cooling the panels, will be constructed by December, reported Bloomberg News. The 20,000 kilowatt-hours of electricity generated annually will be sold to the grid 8.9 rupees a unit.

The 2 million rupee ($32,700) project will be financed by the Ministry of New and Renewable Energy, reported Bloomberg News.

Floating PV systems could save the cost of buying land and reduce the evaporation of valuable water resources.

The technology involves installing solar panels on floating platforms that are securely anchored to prevent excessive swaying.

In July, India’s National Hydro Power Corporation (NHPC) announced it  would set up a 50 MW solar PV installation to float on water in the southern state of Kerala. NHPC hired the local Renewable Energy College, which developed the technology, to implement the project.

Image: Vikram Solar

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