Greenam Energy Private Limited (Greenam), an AM International group company with a focus on introducing new-age green and sustainable technology, held the foundation laying ceremony for the construction of its 24 MW floating solar power plant.
Muthiah said, “At AM International, we believe that the key to a sustainable future lies in effectively harnessing green energies. We continue in our efforts to employ new technologies and reduce carbon footprint. 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. The floating solar power plant will be one of the country’s most significant projects with technology comparable to the best in the world.”
Once the project is complete, it will supply electricity to SPIC, and the excess will be sold to the state power utilities. It will lead to significant energy costs savings and reduce the dependence of the company on its external power suppliers. This 24 MW floating solar power plant will be located on the firm’s large water reservoir, inside the company’s Thoothukudi plant premises. EDAC Engineering Ltd., a SPIC group entity, is undertaking the construction. The project is owned by Greenam Energy, a wholly-owned subsidiary of AM International Holdings, Singapore. As no land is required for construction, floating solar plants are gaining popularity across India. Also, the water beneath keeps the panels cool and boosts efficiency, thus providing mechanical leverage.
Various state governments and corporations are turning to solar power, to reduce their dependence on coal for electricity generation.