MP to Set Up 3 Floating Solar Plants at an Investment of ₹7,500 Crores


  • MP announced 3 new floating solar projects at the recent Investors Summit
  • The plants will be installed in addition to the 600 MW floating solar project being developed in the state currently
  • The state is targeting 20 GW of renewable energy capacity addition by 2030

Madhya Pradesh government has said that work on three new floating solar plants on water reservoirs in the state would start soon. The project will require a cumulative investment of ₹7,500 Crores. The solar plants will be developed in addition to the 600 MW floating solar project being developed on the Omkareshwar Dam in the Khandwa district of the state.

The announcement was made at a session on renewable energy held on the first day of Invest Madhya Pradesh-Global Investors Summit organized in Indore. The session was chaired by Mr. Sanjay Dubey, Principal Secretary, Energy, and Renewable Energy Department, Madhya Pradesh.

Officials aware of the matter have also stated that Memorandum of Understanding (MoUs) worth ₹16,000 crores in the field of renewable energy were signed at the summit. Mr. Hardeep Singh Dang, Madhya Pradesh’s New and Renewable Energy Minister, assured investors that they would not face any problems if they decide to invest in the state.

MP is targeting 20,000MW of renewable energy projects by 2030 and aiming to contribute about half of the nation’s 500 GW RE target. In November, Madhya Pradesh also won an MNRE tender for setting up manufacturing zones for renewable energy equipment in the state.

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Resource: The Economic Times

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