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New research shows that India has 207 GW of floating solar potential

  • May 20, 2024
A new report prepared by the Indo-German Partnership for Innovative Solar Technologies provides a comprehensive overview of the potential of floating solar energy in India and forecasts the solar installed capacity in India for the period from 2024 to 2040. The new report shows that India's inland water bodies have the technical potential to carry 206.7 GWp of floating solar power capacity.

The research team used GIS based data on all water bodies in India (in square kilometres) in reference to the European Commission's Copernicus programme.

After filtering, the data set includes water bodies with a usable area greater than 0.015 square kilometers and available for 12 months, but excludes protected areas. 0.015 square kilometers is the water area required to install 1 MW floating photovoltaic.

Madhya Pradesh has the highest development potential of 40,117 MWp, by Maharashtra with 32,076 MWp.

The project was launched under the direction of India's Ministry of New and Renewable Energy and funded by the German Federation for International Cooperation (GIZ). The project is led by EY LLP, with CSTEP and the Fraunhofer Institute for Solar Energy as project partners.

Under a conservative scenario, India is expected to install a cumulative 30 GW of floating solar capacity between 2024 and 2040, the report said. They assume that 1 MW floating PV requires a capital expenditure equivalent to the levelised Cost of energy (LCOE) of INR 4.32 (US $0.052)/KWH.

The research team assumes a 2.5% reduction in capital expenditure per year, which will lead to a gradual decline in LCOE for floating PV plants, starting in 2024 and continuing through 2040. LCOE is expected to fall to INR 3.72 / KWH by 2030 and to INR 2.90 / KWH by 2040.以上翻译结果来自有道神经网络翻译(YNMT)· 通用场景

© Copyright: 2024 Xiamen Wintop New Energy Tech Co., Ltd.. All Rights Reserved.

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