Efforts from state governments such as those of Maharashtra and Uttar Pradesh to develop floating solar plants might hit the financial-viability hurdle. Industry officials said that non-availability of the primary float structure in India make these projects an expensive option.
Companies like JSW Energy have been planning to get into this business, while the Tatas and NTPC have already done pilots. Limited domestic availability of floats, however, is a big challenge. The industry has to depend on European or Chinese suppliers, which is not cost effective.
The differential between a ground-mounted and a floating solar project does not make it viable in terms of product pricing, said Sharad Mahendra, executive vice-president for JSW Energy. The company has plans to set up a combined floating solar capacity of 250 Mw across various locations.
In June, the Maharashtra government said that it had set up a committee for the development of a floating solar plant. Uttar Pradesh was another state where the process to call for bids to develop a similar solar capacity on the Rihand dam was underway. These plans, however, might hit the financial-viability Read More
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