Damodar Valley Corporation 1.8GW Floating Solar Project
Indian state-owned power company Damodar Valley Corporation (DVC) looks to develop an extensive floating PV portfolio. The company has proposed 1,776MW of floating solar projects in four of its dams in the states of West Bengal and Jharkhand. The firm plans to carry out the projects in three phases, the first of which will have a capacity of 50MW. The move represents a significant solar build out for DVC. The potential of India’s floating PV market was detailed in a recent report from think tank The Energy and Resources Institute (TERI), which found that the country’s reservoirs could be used to generate 280GW of solar power, with the states of Maharashtra, Karnataka and Madhya Pradesh showing significant promise. The study calculated the possibility for floating solar on the basis of 30% of the water surface area of the country's medium and large reservoirs. TERI says that while ground-based installations currently represent around 93% of India's grid-connected solar PV sector, the country needs to explore and establish floating solar to meet national targets for renewable energy additions. It is estimated that the global annual capacity additions from floating solar in the country may rise from the 1.3GWp in 2018 to 4.6GWp by 2022.
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