eC2: INDIA: Due Diligence for Installing Floating Solar Project in Omkareshwar Reservoir, Madhya Pradesh

Deadline: 25-Nov-2019 at 11:59:59 PM (Eastern Time – Washington D.C.)

Madhya Pradesh, the central state of India, has been in the forefront to contribute

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significantly towards promotion of clean energy solutions in the country as well as globally. To take such initiatives forward, Government of MP through its agency Rewa Ultra Mega Solar Limited (RUMS) – has requested the World Bank to support them on new technologies such as floating solar. On request of the Government of India, World Bank is already supporting Solar Energy Corporation of India Limited (SECI), under Innovations in Solar Power & Hybrid technologies project, to invest in early demonstration projects but with an objective to also build a robust pipeline of such projects while developing the policy and regulatory ecosystem. As part of deepening the market for floating solar projects in the country, engagement with MP will be an important step. This is specifically important as lack of experience in deploying several of these technologies in India, and globally, at scale is considered as a major constraint by various developers, financiers and other stakeholders.
World Bank will support RUMS and Narmada Hydroelectric Development Corporation (NHDC) in exploring potential of floating solar project in one of the states water bodies Omkareshwar Dam in Khandwa district of MP.

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Where Sun Meets Water: Floating Solar Market Report

Published on http://www.worldbank.org on October 30, 2018

STORY HIGHLIGHTS

  • Floating solar technologies are paving the way to significantly scale up the use of DCIM100MEDIADJI_0037.JPGsolar energy around the world, especially in countries with high population density and where land is a constraint
  • This first-of-its-kind market report estimates the global potential of floating solar, even under conservative assumptions, to be 400 gigawatts (GW). That is roughly the total capacity of all solar photovoltaic installations worldwide at the end of 2017

 

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