The floating solar PV project is located at Meghadrigedda reservoir in Visakhapatnam. It is being financed by the Greater Visakhapatnam Municipal Corporation (GVMC) through a grant received from the Asian Development Bank (ADB).
The plant is being built with 8,970 numbers of ZNShine frameless solar modules, occupying 0.005 sq. km of the water surface out of 5 sq.km of the reservoir area.
When operational, the plant is expected to generate 42,00,000 kWh of electricity per annum. The electricity produced will be used to power drinking water pumps in Vishakhapatnam City.
Renew Power’s scope of work in the project includes design, procurement, supply, erection, testing, commissioning, and maintenance for five years post-commissioning.
ReNew Power develops, builds, owns, and operates utility-scale wind and solar energy projects and distributed solar energy projects. Its parent holding company ReNew Energy Global, listed on NASDAQ in August 2021, trades under the ticker “RNW”. As of August 31, 2021, ReNew Power has 10.2 GW of the project portfolio, comprising 5.8 GW of operational wind, solar and hydro energy projects in India and the rest under construction or pipeline.
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