Greenam Energy Private Limited (Greenam) conducted the foundation laying ceremony for the construction of its 24 MW floating solar power plant.
Ashwin Muthiah, Founder Chairman of AM International Group, Singapore, laid the foundation stone for the project, in an event at the SPIC’s Tuticorin factory complex.
The company touts the project as one-of-its-kind and one of
India’s first floating renewable energy initiative to optimise energy
production in industrial plants. It showcases AM International groups
commitment to promote eco-friendly alternatives and seek self-sufficiency in
the operations of its various group companies said the company in a statement.
Speaking on occasion, Ashwin Muthiah, Founder Chairman, AM
International Group, Singapore, said, “Greenam Energy will spearhead
sustainable and green energy initiatives across the AM International group by
bringing world-class technology and expertise. At AM International, we believe
that the key to a sustainable future lies in effectively harnessing green
energies. We continue in our efforts to employ new technologies and reduce
carbon footprint. This project, one of the latest floating solar power plants
in India, is a milestone in our attempts to promote the usage of renewable
energy sources. The floating solar power plant will be one of the country most
significant projects with technology comparable to the best in the
world.”
Once the project is complete, it will supply electricity to SPIC, and the
excess will be sold to the state power utilities. It will lead to significant
energy costs savings and reduce the dependence of the company on its external
power suppliers. This 24 MW floating solar power plant will be located on the
company’s large water reservoir, inside the company’s Tuticorin plant premises.
EDAC Engineering Ltd., a SPIC group company, is undertaking the construction.
The project is owned by Greenam Energy, a wholly owned subsidiary of AM
International Holdings, Singapore.
As no land is required for construction, floating solar plants are gaining
popularity across India. Also, the water beneath keeps the panels cool and
boosts efficiency, thus providing mechanical leverage.
Various state governments and corporations are turning to solar power, in a bid
to reduce their dependence on coal for electricity generation. The tropical
climate of Southern India and availability of water bodies provide ideal
opportunities for the construction of floating solar power plants.
Greenam Energy’s current project is one of the latest solar power plants in
India and an ambitious large-scale project. The company plans to continue its
endeavour of promoting renewable energies and sustainable practices.