GEDCOL Floating Solar PV Park is a 500MW solar PV power project. It is planned in Odisha, India. According to GlobalData, who tracks and profiles over 170,000 power plants worldwide, the project is currently at the permitting stage. It will be developed in multiple phases. The project construction is likely to commence in 2024 and is expected to enter into commercial operation in 2026. Buy the profile here.
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Description
The project is being developed by Green Energy Development Corporation of Odisha and NHPC. NHPC and Green Energy Development are currently owning the project having ownership stake of 74% and 26% respectively.
GEDCOL Floating Solar PV Park is a floating solar project.
Development status
The project construction is expected to commence from 2024. Subsequent to that it will enter into commercial operation by 2026.
Power purchase agreement
The power generated from the project will be sold to DISCOM under a power purchase agreement at the rate of $0.047kWh.
For more details on GEDCOL Floating Solar PV Park, buy the profile here.
About NHPC
NHPC Ltd (NHPC), a Government of India Enterprise, is an energy utility that plans, promotes and organizes the development of hydro power plants. The company also generates electricity using hydro, wind and solar sources. NHPC’s offerings cover the development of conventional and non-conventional sources in India and abroad. Through long-term power purchase agreements, it sells electricity to electricity utilities owned by state governments/private distribution companies on a wholesale basis. It also carries out business operations which include planning of wind and tidal wave projects in the country; and has interests in various projects in under construction and under development phases. NHPC is headquartered in Faridabad, Haryana, India.
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This information is drawn from GlobalData’s Power Intelligence Center, which provides detailed profiles of over 170,000 active, planned and under construction power plants worldwide from announcement through to operation across all technologies and countries worldwide.
