Singapore-based diversified business group, AM International has laid the foundation for setting up a 24 MW floating solar power plant at group-owned company Southern Petrochemical Industries Corporation (SPIC) in Tamil Nadu. This floating solar power plant will be located on the large water reservoir inside SPIC’s Tuticorin plant premises. It will be set up by Greenam Energy (Greenam), the green energy arm of AM International. EDAC Engineering, a SPIC Group company, will undertake the construction.
Once the project is complete, it will supply electricity to SPIC, and the excess will be sold to the state power utilities. This will lead to significant energy costs savings and reduce the dependence of the company on its external power suppliers.
Speaking on the occasion, Ashwin Muthiah, founder Chairman, AM International Group, Singapore, said, “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’s most significant projects with technology comparable to the best in the world.”
The project is a one-of-its-kind and one of India’s first floating renewable energy initiatives to optimise energy production in industrial plants.
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. The tropical climate of Southern India and availability of water bodies provide ideal opportunities for the construction of floating solar power plants.
AM International is a diversified, multinational group of companies with a federated operating architecture. Headquartered in Singapore, its businesses have footprints across South East Asia, India and the United Kingdom. In addition to green energy, the group operates in fertilisers and supply chain, petrochemicals, infrastructure and healthcare space.
Greenam Energy, a wholly owned subsidiary of AM International Singapore, develops state-of-the-art green energy projects for various group companies to enable clean and environment-friendly manufacturing best practices.
This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact: email@example.com.
By submitting this form you agree to pv magazine using your data for the purposes of publishing your comment.
Your personal data will only be disclosed or otherwise transmitted to third parties for the purposes of spam filtering or if this is necessary for technical maintenance of the website. Any other transfer to third parties will not take place unless this is justified on the basis of applicable data protection regulations or if pv magazine is legally obliged to do so.
You may revoke this consent at any time with effect for the future, in which case your personal data will be deleted immediately. Otherwise, your data will be deleted if pv magazine has processed your request or the purpose of data storage is fulfilled.
Further information on data privacy can be found in our Data Protection Policy.