India's fledgling floating solar industry is at risk from a lack of financial viability, including project costs that are between 30% and 50% greater than ground-mounted projects, a lack of access to domestic floats and a dependence on foreign imports, according to industry analysts. The Indian government has been trying for years to develop its own floating-solar-power plants but the technology remains expensive and difficult to build. Indian firms NTPC and Tata Power have tested the market with the launch of pilot schemes of 100 kW and 13 kW respectively.
India's fledgling floating solar industry is at risk from a lack of financial viability, including project costs that are between 30% and 50% greater than ground-mounted projects, a lack of access to domestic floats and a dependence on foreign imports, according to industry analysts. An even bigger obstacle lies in the logistics of transporting floating solar arrays, which threaten the cost-effectiveness of the sector. Indian firms NTPC and Tata Power have tested the market with the launch of pilot schemes of 100 kW and 13 kW respectively.