Hinduja Renewables, a leading renewable energy company, has secured an 80 MW tender in the world’s largest floating solar park. The park, located along the banks of the Narmada River at Omkareshwar in Madhya Pradesh, is being developed in two phases with a total installed capacity of 600 MW. The project is funded by the Asian Development Bank (ADB), and Hinduja Renewables has been declared the successful bidder for Unit C in Phase II of the project.
The tender was awarded by Rewa Ultra Mega Solar Limited (RUMSL), which is a joint venture between the Solar Energy Corporation of India and Madhya Pradesh Urja Vikas Nigam. Hinduja Renewables secured the tender at a tariff of Rs 3.89/kWh.
Hinduja Renewables already has GW scale capacity with several projects under commissioning across the country. The company is actively exploring opportunities in the energy storage and green hydrogen spaces to complement its multi-gigawatt renewable energy portfolio in the future.
The floating solar park along the Narmada River is a significant step towards harnessing renewable energy sources in India. By utilizing the vast expanse of water bodies, the project aims to maximize solar power generation capacity. The floating solar panels will not only help in meeting the growing energy demands of the region but also contribute to reducing greenhouse gas emissions and combating climate change.
This ambitious project not only highlights India’s commitment to clean energy but also positions the country as a global leader in solar power generation. The use of floating solar panels also offers multiple benefits, such as reduced evaporation of water from reservoirs and improved efficiency due to the cooling effect of the water beneath the panels.
With its successful bid for an 80 MW tender in the world’s largest floating solar park, Hinduja Renewables has once again demonstrated its expertise and dedication to renewable energy. As the demand for clean energy continues to rise, the company’s efforts in expanding its renewable energy portfolio will contribute significantly to India’s sustainable development goals.
In conclusion, Hinduja Renewables securing the 80 MW tender in the world’s largest floating solar park is a momentous achievement. This project not only signifies a significant step towards harnessing renewable energy sources but also showcases India’s commitment to clean and sustainable power generation. Hinduja Renewables’ entry into this project further strengthens its position as a key player in the renewable energy sector and sets a precedent for future advancements in solar power technology.
