Jump to a question:
• Along with all those benefits of Solar PV plants compared to coal-fired plants, as explained on the Solar page, below are additional benefits of floating solar PV plants.
• Reduction in CapEx, unlike land-based solar farms, floating solar doesn’t compete with agriculture or forest land, minimising displacement issues.
• Reduces water evaporation from reservoirs, helping water conservation in drought-prone areas.
• It can be designed to coexist with fisheries, benefiting local communities that are dependent on aquaculture.
• Bio CNG technology can deal with air pollution at 3 levels by curtailing methane emissions, warding off waste burning and phasing out fossil fuel-powered vehicles.
• 1 CBG site creates 20 full-time jobs and around 20 daily wage labours
• Higher profitability compared to other energy proposals
• Highly automated plants that produce 24/7/ 365
• Scalability makes it possible to develop small, medium or ,large plants without losing the profitability of the business.
• The investment per MWh generated is lower than that of other energies and is recovered before the 5th year.
• India is 5th largest economy in the world with one of the highest growth rates.
• India imports over 80% ($50 Billion) of its fuel which is mostly fossils and non-renewable.
• The waste/feed for CBG availability is in abundance and is in close proximity.
• This project is aligned with the critical energy security national policy of India.
• Long-term off-taker arrangements and a working framework are in place.