In Short : Concerns over the viability of large-scale floating solar in urban reservoirs have been raised by Bengaluru’s ambitious floating solar power project, which has reached a snag after failing to draw any bidders.
The Reason the Project Was Abandoned
Despite being viewed as a positive step in the shift to renewable energy, developers avoided it because of the high project costs, difficulties with land and water management, and uncertainty about return on investment. According to experts, floating solar is less attractive in the present market situation since it demands a large upfront investment and sophisticated technology.
Wider Effect on Renewable Objectives
The project’s halt serves as a reminder of the challenges India faces in expanding its portfolio of renewable energy sources. Even while the nation’s solar and wind industries are developing quickly, cutting-edge fields like floating solar still confront financial, legal, and technological obstacles. The failure of Bengaluru highlights the necessity of more robust incentives and risk-sharing arrangements to attract private sector involvement.
The Path Ahead
Governments may need to enact policies that encourage floating solar, finance the viability gap, and expedite regulatory clearances in order for it to be successful in places like Bengaluru. Floating solar can still be a vital component of India’s renewable energy mix with the correct environment, maximizing water bodies and easing the strain of land use.
