Floating Solar Pioneer Inks Deal To Green India’s Reservoirs

Via Recharge News, a report on India which has an estimated 300GW of floating solar potential but has realized less than 350MW of this to date, says World Bank:

A Norwegian floating solar pioneer will help transform Indian reservoirs into green power generators after signing a deal with the state’s national hydropower company.

Ocean Sun has signed a memorandum of understanding with India’s NHPC to explore how to use its floating solar technology in the country.

“We are excited to enter India with such a strong partner,” Ocean Sun CEO Kristian Tørvold told Recharge, adding that the country has “huge growth in floating solar.”

Ocean Sun plans to complete a demonstration project by the end of the year, he said.

A World Bank report last year estimated that India has around 300GW of floating solar potential – but said that less than 350MW of this has been realised to date.

Kick-starting its floating solar industry could help India hit its ambitious target of 500GW renewables by 2030, which a recent BloombergNEF report found the country is set to miss.

NHPC said in a press release on Monday that the agreement with Ocean Sun continues its efforts to promote sustainable development and add more green power capacity.

Ocean Sun’s technology is based on a thin membrane that floats customised PV modules.

This gives benefits not possible with other floating PV systems, claims Ocean Sun, including the lowest material usage of any floating PV system, enabling the lowest overall levelised cost of energy.

Ocean Sun says its tech is also quick and easy to install, has increased efficiency from direct water cooling and reduces logistics costs.

Ocean Sun claimed a world first in 2022 when it deployed an offshore floating PV plant integrated with a wind turbine off the Chinese coast with local development giant SPIC

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About This Blog And Its Author
As the scarcity of water and energy continues to grow, the linkage between these two critical resources will become more defined and even more acute in the months ahead.  This blog is committed to analyzing and referencing articles, reports, and interviews that can help unlock the nascent, complex and expanding linkages between water and energy -- The Watergy Nexus -- and will endeavor to provide a central clearinghouse for insightful articles and comments for all to consider.

Educated at Yale University (Bachelor of Arts - History) and Harvard (Master in Public Policy - International Development), Monty Simus has held a lifelong interest in environmental and conservation issues, primarily as they relate to freshwater scarcity, renewable energy, and national park policy.  Working from a water-scarce base in Las Vegas with his wife and son, he is the founder of Water Politics, an organization dedicated to the identification and analysis of geopolitical water issues arising from the world’s growing and vast water deficits, and is also a co-founder of SmartMarkets, an eco-preneurial venture that applies web 2.0 technology and online social networking innovations to motivate energy & water conservation.  He previously worked for an independent power producer in Central Asia; co-authored an article appearing in the Summer 2010 issue of the Tulane Environmental Law Journal, titled: “The Water Ethic: The Inexorable Birth Of A Certain Alienable Right”; and authored an article appearing in the inaugural issue of Johns Hopkins University's Global Water Magazine in July 2010 titled: “H2Own: The Water Ethic and an Equitable Market for the Exchange of Individual Water Efficiency Credits.”