SJVN Grabs 90 MW Floating Solar in Madhya Pradesh

• SGEL has won the 90 MW floating solar project in Madhya Pradesh with an INR 3.79 ($0.046)/kWh tariff. The project is expected to generate 4,781 MUs over 25 years and will be commissioned within 21 months of signing the PPA. SJVN is the second firm to win the project.

SGEL has bagged the 90 MW floating solar project in Madhya Pradesh at INR 3.79 ($0.046)/kWh. This is the second win for SJVN in the same project. The PPA is to be signed after the firm is issued the Letter of Intent from RUMSL and MP Power Management Company Limited. It is expected that the project will generate close to 4,781 MUs over 25 years. Additionally, it will be commissioned within 21 months of the signing of the PPA.

What Are the Benefits of SGEL's 90 MW Floating Solar Project?

• The project will aid in decreasing India’s dependence on other sources of energy and provide cleaner and greener energy to Madhya Pradesh.
• The project will provide a boost to MP Power Management Company Limited’s renewable energy offerings and help it to meet the target of renewable energy set by the government.
• The 90 MW floating solar project will be spread over 1,543 acres of water area, which will help conserve the environment and reduce the evaporation rate from the waterbody.
• The project will help reduce water consumption for agricultural purposes and improve water quality in the region.
• The project has the potential to create employment opportunities in the area, as well as attract investments in other sectors.
• The project will also help in reducing the cost of electricity and will contribute to grid stability.