In recent years India has been a world leader in the installation of solar power facilities, although an over saturation in some areas in central and eastern India is now leading to ever decreasing feed in tariffs (FiTs) which in turn is forcing industry-scale investors to look elsewhere to benefit from their moves into renewables.
The site to be constructed in Madhya Pradesh being a floating solar facility – still something of a rarity on the Indian subcontinent – has not yet seen details released on end-market FiT projections, although the fact that International Finance Corporation, alongside the World Bank are backing it will carry great weight.
As recently as mid-2020, the world’s largest similar floating solar facility – in Anhui, China – was just 25% of the size of the proposed Madhya Pradesh project.
