The Hartek Group has once again showcased its commitment to breaking barriers and making waves in the renewable energy sector with the launch of the PV Module Array of the monumental 22MW Nangal Floating Solar Project. This ground-breaking project, situated on the Nangal reservoir, is not just about numbers; it represents a significant stride towards decarbonisation, net zero-emission, and India’s power transition.

Setting New Standards for Sustainable Energy Solutions

With 105 modules securely placed and tied down using the state-of-the-art Mooring & Anchoring System, the Nangal Floating Solar Project is a game-changer in India’s Northern Region. The project’s significance extends beyond its capacity; it symbolises the Hartek Group’s dedication to making a real difference in the country’s energy landscape.

Leading India’s Clean Energy Revolution

The foundation stone of the Nangal Floating Solar Project was laid by the Hon’ble Prime Minister Shri Narendra Modi, underscoring the Hartek Group’s position at the forefront of India’s clean energy revolution. The project has garnered recognition and support from Smt. Geeta Kapur, Chairman & Managing Director of SJVN Limited, who was present at the launch and lauded the efforts of Hartek Group in assisting SJVN to become India’s largest power producer. The presence and words of motivation from industry leaders such as Sh. Akhileshwar Singh, Director (Finance) SJVN Limited, Sh. Ajay Singh, CEO, SJVN Green Energy Limited (SGEL), and Simarpreet Singh, Director, Hartek Group, underscore the collaborative effort to embrace sustainable energy solutions.

Anticipated Impact and Future Sustainability

The Nangal Floating Solar Project is anticipated to generate a staggering 33 million units of energy in its first year, with a cumulative total of 756 million units over the next 25 years. This monumental leap towards sustainability signifies the Hartek Group’s unwavering commitment to shaping a brighter, more sustainable India for generations to come.

Floating Solar and India

At Hartek Group, we’re harnessing the power of water bodies like lakes, reservoirs, and ponds, by not only maximizing solar energy generation but also making efficient use of previously unused surfaces. The cooling effect of water enhances the performance of our solar panels, boosting their efficiency even further. Moreover, by covering water surfaces, our floating solar solutions help combat water evaporation, preserving precious resources for future generations. With India’s vast solar potential estimated at 748 GWp by the National Institute of Solar Energy, our modular floating solar technology is poised to revolutionise energy access. From mini-grids and off-grid solutions to large-scale projects integrated with the electricity grid, our versatile approach caters to diverse needs, benefiting both urban and rural communities alike.

Deep dive into the history

The concept of floating solar projects in India gained traction in 2014 with the launch of the first pilot project by the National Hydro Power Corporation (NHPC) in Kerala. Since then, the country has witnessed a steady growth in the development of floating solar projects, with several installations across various water bodies, including reservoirs, lakes, and ponds

What’s next in the floating solar projects of India?

Floating solar power projects hold immense importance in India’s transition towards sustainable energy. With the country’s growing energy demands and limited land availability, the utilization of water bodies for solar power generation presents a viable solution. It not only helps in reducing land usage but also minimizes water evaporation and enhances the efficiency of solar panels due to the cooling effect of water.

Jumping to conclusion(s)

As a pioneer in the renewable energy sector, the Hartek Group’s Nangal Floating Solar Project exemplifies the potential of floating solar technology in driving India’s power transition, and sustaining its commitment to decarbonisation and achieving net zero-emission. The project’s success serves as a testament to the group’s vision of leveraging innovation to shape a more sustainable future for the nation.

Stay tuned to ride the wave of change with the Hartek Group!

India’s quest for sustainable energy solutions on a global scale has brought green hydrogen to the forefront, offering a range of challenges and opportunities. As India works towards achieving its ambitious renewable energy goals, it becomes crucial to comprehend the cost dynamics of green hydrogen plants. It has been estimated that the outlay of green hydrogen transition will achieve an outlay of ₹ 17,490 crore by 2029-30.

Grasping the intricacies of green hydrogen plant costs is crucial for effectively navigating India’s energy transition. India can tap into the full potential of green hydrogen and lead toward a cleaner and more sustainable future by addressing infrastructure challenges, embracing technological innovations, capitalizing on economies of scale, and creating supportive policies.

This blog delves into the various factors that influence the cost of these plants in India.

Factors Influencing Green Hydrogen Production in India

1. Investing in infrastructure

Solid infrastructure is essential for green hydrogen production. Significant investments are necessary to effectively utilize electrolysis, which involves separating water into hydrogen and oxygen using renewable energy sources. The initial outlay of this production project is set to be ₹ 19,744 crore, including an outlay of ₹ 17,490 crore.

Infrastructure development in India can be intricate, with the added challenge of ensuring access to renewable and water energy sources. The integration of storage and distribution systems also contributes to the overall cost increase.

2. Supply chain integration

Integrating supply chains plays a crucial role in determining the costs of green hydrogen production in India. An efficient supply chain is crucial for procuring the necessary raw materials, components, and equipment for electrolysis processes and other operations. However, establishing such an infrastructure in a developing market like India can be particularly challenging.

Supply chain challenges often involve acquiring top-notch materials and components, managing transportation logistics, ensuring timely project delivery, and dealing with fluctuations in commodity prices that impact production costs. We can tackle these obstacles and enhance our cost efficiency.

3. Technological advancements

Technological advancements significantly impact the expenses of Green hydrogen production in India. The development of electrolysis technologies has led to improved efficiency and reduced production costs. However, balancing embracing advanced technologies and cost considerations is a significant challenge in a rapidly developing market such as India. Therefore, successful adoption necessitates meticulous strategic planning involving industry stakeholders and policymakers.

4. Scale matters

The production scale is a crucial factor in determining the cost-effectiveness of green hydrogen plants. More extensive facilities often enjoy the advantages of economies of scale, resulting in lower production costs per unit of hydrogen. According to IndiaMART, a green hydrogen injection plant for cement plants costs ₹25,00,00,000 per project. Expanding operations poses the challenge of finding the right balance between scale and financial feasibility for driving growth in India’s green hydrogen sector. This requires substantial initial investments from investors and policymakers.

5. Support and incentive packages for policies

Government policies and incentives have a significant impact on the cost dynamics of green hydrogen plant production. In India, there are various initiatives Like Pilot Projects that include outlays for low carbon steel projects, mobility pilot projects and shipping pilot projects as well as target areas like decentralized energy applications. Also, Green Hydrogen Hubs involve identifying regions capable of supporting large-scale production and utilization of hydrogen as hubs. More initiatives are Strategic Interventions for Green Hydrogen Transition which include the mission has developed two financial incentive mechanisms with a budget up to 2029-30. These mechanisms include incentives for manufacturing electrolysers and producing green hydrogen. These initiatives aimed at promoting the development of renewable energy projects. These include production-linked incentives and subsidies and regulatory frameworks that encourage private sector participation and provide long-term market visibility.

6. Incorporating Renewable Energy Sources

India benefits from ample resources in solar and wind power, which are critical factors in the production of green hydrogen. Efficiently utilizing them necessitates substantial investments in infrastructure and technology. However, fluctuations in renewable energy prices can impact overall production costs.

Final Thoughts

Despite the initial Green hydrogen production in India cost challenges, there is optimism surrounding India’s future in green hydrogen. We expect costs to decrease gradually with continuous technological progress, favorable policies, and increasing economies of scale. In addition, with the increasing global demand for green hydrogen, Indian manufacturers and developers can benefit from economies of scale as the demand continues to grow worldwide. Collaboration among government, industry, and investors is crucial to unlock the full potential of green hydrogen and expedite India’s shift towards a more sustainable energy future.

Month: March 2024

Charting A Course for Sustainability: Hartek Group’s Monumental 22mw Floating Solar Project at Nangal

Understanding Factors Affecting Green Hydrogen Plant Costs in India