SunSource energy is set to develop a 4 MW grid-connected floating solar project along with a 2 MW/1MWh battery energy storage system. The project will be situated at the Reservoir of Kalpong river, Kalpong Hydroelectric Project (KHEP) Dam, Diglipur, North Andaman, a District of Andaman and Nicobar Islands. SunSource Energy will sign apower purchase agreement for 25 years with Electricity Department, Andaman & Nicobar administration (A&NA) for the project, keeping with the terms, conditions and provisions of the RfS.The project is expected to reduce dependency on diesel and offset nearly 8,112 tonnes of carbon dioxide annually. Once commissioned, this will be India’s first floating solar plus storage project.
Earlier this year, SunSource Energy set up a 6 MW rooftop solar power project located in Bhilwara, Rajasthan. The project will provide power to one of the industrial sites of a textile company based out of Rajasthan, for a period of 25 years. SunSource Energy is an investee company of Neev Fund – backed by India’s largest public sector lender State Bank of India (SBI) and UK’s Department for International Development (DFID).This project is in line with Neev Fund’s commitment to provide sustainable development in low income states of India.SunSource Energy’s customers include large energy consumers like commercial and retail establishments, industries, airports, leading educational institutions, pharmaceutical companies, and warehouses.