The Indian state of Madhya Pradesh plans to build a 600 MW floating solar power plant on the Omkareshwar dam, located on the Narmada River near the city of Khandwa (central India). The INR30bn (US$378m) project, which should be commissioned in late 2022 or early 2023, will be divided between a power purchase agreement (PPA) for 300 MW and tenders for the additional 300 MW.
In May 2022, Madhya Pradesh unveiled plans to develop a 1.4 GW solar project and launched bids to develop a further 1.2 GW of solar projects in the state. Solar accounts for 12% of India’s installed capacity, with 49.3 GW (2021). Since 2016, India has commissioned on average 7.4 GW/year of solar projects, including a record 11.9 GW in 2021. The country aims to develop 175 GW of renewable power capacity by 2022, including 100 GW of solar.
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