Mar 22, 2011, 04.42 PM | Source: PTI
Tata Power today said it will be building the country's first low-cost, high-efficiency floating solar plant in partnership with an Australian company which invented the technology.
Sunengy, the Australian company, and Tata Power will begin constructing a pilot plant that uses the Liquid Solar Array (LSA) technology from August this year, a press release issued here said.
LSA uses traditional concentrated photovoltaic technology but rather than mounting the cells on a frame, it is made to float on water, making it low-cost, cyclone-proof and less tedious as it does not involve any land acquisition, it added.
"It effectively turns a dam into a very large battery, offering free solar storage and opportunity for improved water resource management," the inventor of the technology and Sunengy''s Executive Director and Chief Technology Officer, Phil Connor, said.
Tata Power's Executive Director, Banmali Agrawala, confirmed the tie-up for the "nascent technology" and said this is a part of the company''s effort to invest in clean and eco-friendly technologies.
Axis Direct recommended hold rating on Tata Power
Tata Power is keen to pare its debt and bring down
Edelweiss is bullish on Tata Power has recommended
Tata Power today announced the appointment of Nata
Tata Power Company's third quarter profit on conso