Hinduja Renewables has won an 80 MW capacity of the Omkareshwar floating solar project in Madhya Pradesh. When completed, Omkareshwar floating solar project is expected to be the world’s largest single-location floating solar park with a total installed capacity of 600 MW. It is being developed in two phases of 300 MW each along the banks of the Narmada River at Omkareshwar Reservoir in the Khandwa district.
Hinduja Renewables won 80 MW at a tariff of INR 3.89/kWh in the second phase of the project. The capacity was awarded through an auction by Rewa Ultra Mega Solar Ltd (RUMSL), the solar park developer and the tendering authority for this project. RUMSL is a joint venture between the Solar Energy Corp. of India and Madhya Pradesh Urja Vikas Nigam Ltd. Asian Development Bank (ADB) is funding the common infrastructure of this project.
Hinduja Renewables has already achieved GW scale capacity with several projects under commissioning in different parts of the country. It is actively exploring opportunities in the energy storage and green hydrogen spaces to complement its multi-gigawatt renewable energy portfolio planned in the coming years.
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