FLOATING SOLAR POWER PLANT

BY

ABHAY OCEAN INDIA PVT LTD

PREPARED BY
PROF. V. BHOSALE
 Why Floating PV?

Ever increasing power demand & depletion of fossil

fuels.
 Leads to shift our focus to renewable energy sources.
 Wind & Hydro RE sources are area specific.
 PV can be installed at any place.
 Major issue of Solar PV is requirement of land.
 But floating solar can be installed on any water
bodies.
 Floating solar PV results in decrease in cost and will
increase amount of generation due to cooling effect of
water.
 CONCEPT
Floating Solar Power is innovative concept in energy
technology to meet the needs of our time.

Fig: PV floating plant outline

 Components of Floating PV

 Floating System: A floating body (Structure +

Floater) that allows installation of PV module.

 Mooring System: This allows to adjust water level

fluctuations while maintaining its position.

 PV System: PV Generation equipment, similar to

electric junction boxes, that are installed on top of
floating system.

 Underwater Cable: To transfer generated power to

substation.
 K-water 100 kW

 K- water installed 100 kW floating PV on the water

surface of Hapcheon water reservoir in 2011.
 K- water 500 k W

 After successful installation of 100 kW system K-

water installed 500 kW PV system on another location
at same dam.
 Performance Analysis

 100 kW PV at Hapcheon is forming 33 degree tilt &

its installed capacity is 99.36 kW, composed of 414
240W modules
 Performance Analysis

 Data is collected from Jan 2012 to Dec 2012.

Monthly average generated quantity 10,852 kWh

Fig : Performance Analysis graph

 Performance Analysis

 500 kW PV system forming 33 degree tilt, installed

capacity 496.8 kW composed of 2070 240 modules.
 Monthly generated Avg. quantity form Oct. 2012 to
Mar. 2013 was 55208 kWh.
 Comparison Floating PV & Overland PV

 Floating solar panels( Blue) having 10.3 % more

efficient than overland system.

Fig.: Comparison Graph
 Stability of floating sturcture

 Graph Floating PV stability against winds.

 STATE WISE INSTALLED CAPACITY

Ever increasing power demand & depletion of fossil

fuels.
 Leads to shift our focus to renewable energy sources.
 Wind & Hydro RE sources are area specific.
 PV can be installed at any place.
 Major issue of Solar PV is requirement of land.
 But floating solar can be installed on any water
bodies.
 Floating solar PV results in decrease in cost and will
increase amount of generation due to cooling effect of
water.
 GOVT. OF INDIA INITIATIVES
Policy & Regulatory framework
ELECTRICITY ACT 2003 : Most transformational & dynamic act till
date includes laid guidelines for Renewable energy.

SECTION 61(h): While specifying terms and condition for tariff

determination the commission shall consider the promotion of
generation from renewable energy sources.

SECTION 86(1) (e): State commission shall promote generation of

Electricity from renewable energy sources. It shall be done by providing
grid connectivity & sale of Electricity to anyone.

NATIONAL ELECTRICITY POLICY 2005 :

 SECTION 6.4 : This section states that in present stage non

conventional and conventional energy cannot compete at same similar
tariff and hence power shall be procured from non-conventional sources
at preferential tariff as determined by appropriate commission.
 GOVT. OF INDIA INITIATIVES
Policy & Regulatory framework

 Amendment of National tariff policy for Solar

specific RPO’s.
 Solar specific RPO’s – 025 % in 2013 to 3 % by 2022.
 REC mechanism .
 Encourage state specific solar policies.
 State wise RPO orders by Regulators.
 Exemption for Environmental clearance for Solar
Power Projects.
Jawaharlal Nehru National Solar Mission (JNNSM)

Launched by Govt. of India in January 2011.

One of the major initiative at global level in
promotion of Solar energy technologies.
Mission aims to achieve grid tariff parity by 2022.
Large scale utilization, rapid diffusion and
deployment at a scale which leads to cost reduction.
R&D pilot projects and Technology Demonstration.
 JNNSM Batch I Bidding Result Summary
Average tariff for selected projects was 1216
paisa/kWh which was 32% lower than CERC approved
benchmark tariff 1791 paisa/kWh.

In a Batch I a total of 204 MW capacity grid

connected solar power projects have been
commissioned.
 Maharashtra Model Solar Policy

Maharashtra has reasonably high solar insolation 4-5

kWh/sq. meter with 280-300 clear sunny days.
Eastern Maharashtra considered to be most suitable
region for solar power projects

OBJECTIVE

 To generate 1000 MW of Solar energy by 2016.

To achieve grid parity by 2016 .
 Promotion of R&D and facilitation of technology
transfer.
Promotion of local manufacturing facilities.
 Maharashtra Model Solar Policy

Financial outlay of Subsidy Scheme

 Maharashtra Model Solar Policy
Subsidy under each project will be distributed into
three installments by state government.
 Maharashtra Model Solar Policy
Criteria to avail benefits under the policy

 Project developer should not procure any

incentives/ subsidy from central government.
PPA’s should be singed with MAHADISCOM.
 Capacity Utilization Factor of Solar PV should be
more than 19% for initial two years of installation.
 An audited detailed report and energy generation
report should be submitted to MEDA.
 Financial Modeling of Solar PV
 Capital Cost: Normative Capital cost INR 700 Lakhs/MW for
2014-15 as per MERC.

Annual Energy Yield: There are number of factors(e.g. Air

pollution, Shading, Soiling, Ambient temperature, Downtime
etc.) Which affect annual yield of Solar PV.

For 1 MWp Plant annual yield would averaged around 1.4

million kWh units. Yield prediction are assumed for next 25
years.

Certified Emission Reductions: As India is non Annex 1 party

under UN Clean Development Mechanism (CDM) qualifying
solar projects could generate Certified Emission
Reductions(CERs)
 Energy Price :
 Solar PV Plant under REC mechanism can earn its revenue from selling grey.
 In the financial model it is assumed that grey component of energy sold to
State discom at MSEDCL.

 Operation and Maintenance cost: One of the major benefit of Solar PV plant is
less O & M cost as compared to other renewable energy technologies.

 Financing Assumptions: General financial assumptions for a project in India

as follows
 Financial Structure: Equity 30 % and debt 70 % as assumed in MERC tariff
order.
 Debt repayment is taken over as 10 years. Interest rate on term loan and work
capital is taken as 12.87% and 13.37% respectively.
 Floating solar PV Indian Context

 Great potential for floating PV.

 Availability of water bodies and land issues are main
accelerators for floating PV solar Panels.
 Increased efficiency of Floating PV over Land PV
installed will attract more investment due to better
returns.
 Availability of trained manpower and Govt. Policies
have boosts the confidence of investors.
Stable floating PV platforms results in minimum
operation & maintenance cost.
 Thank You.
For Any Query Please Contact :
CAPT. JAGDISH KHOKHAR
Cell: +91 99 2030 9055
E-mail: jk@abhay-ocean.com
www.abhay-ocean.com