Floating Solar Projects Face Headwinds
High steel prices have slowed timelines for floating solar projects, prompting reassessments of offshore wind tenders in India. But innovation persists: a 50 MW floating solar facility's foundation stone was laid in Kerala, India. Companies are also deploying floating solar-powered charging stations for electric ferries.
The Kerala project, a 50 MW installation on the Periyar River, is being developed by NTPC Limited. It's part of a larger push to diversify India's energy sources and utilize water reservoirs for power generation. The project aims to reduce land use conflicts and lower water evaporation rates, common challenges for ground-mounted solar arrays. Candela Renewables and Canopy Power's floating solar charging stations are targeting Southeast Asia's growing electric boat market. Their partnership focuses on providing sustainable energy solutions for maritime transportation, addressing pollution concerns in coastal areas. Initial deployments are planned for locations with high electric ferry traffic, aiming to reduce reliance on diesel-powered vessels. Offshore wind tenders in India are being re-evaluated due to rising steel prices impacting project viability. Developers are seeking government support to offset increased material costs and maintain project timelines. The delays could affect India's renewable energy targets and its commitment to reducing carbon emissions.
