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.