Greenam Energy, a wholly owned subsidiary of Singapore-based AM International Holdings, has set up its first floating solar power plant at Tuticorin.
AM International Group Founder-Chairman Ashwin Muthiah laid the foundation stone Monday for the power plant, which would lead to significant energy savings.
The 24 MW floating solar power plant would be one of its kind and the first floating renewable energy initiative to optimise energy production in industrial plants, a company statement said.
“Greenlam Energy will spearhead sustainable and green energy initiatives across the AM International Group by bringing world-class technology and expertise”, Muthiah 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”, he said.
The floating solar power plants would be one of the country’s most significant projects with technology comparable to the best in the world, he claimed in the statement.
Greenlam Energy said floating solar plants were gaining popularity across the country as no land was required for construction
The water beneath keeps the panels cool and boosts efficiency, providing mechanical leverage, the company said.
The plant would be located at the premises of the SPIC Tuticorin factory.
EDACE Engineering, a group company of SPIC, is undertaking the construction of the solar power plant.