MR. SHREYANSH AGGARWAL
Q.How is Floatex Solar making power more reliable, affordable, and environmentally friendly?
Floatex Solar revolutionizes the renewable energy sector by offering floating solar technology that delivers more reliable, affordable, and eco-friendly power solutions. By utilizing underutilized water bodies for solar panel deployment, Floatex Solar not only conserves valuable land resources but also capitalizes on the cooling effect of water to boost panel efficiency. This results in higher energy yields and extended panel lifespans. Additionally, floating solar installations help mitigate evaporation from reservoirs, conserve water resources, and can even improve the surrounding aquatic ecosystem by reducing water temperature. Floatex Solar’s use of robust, long-lasting materials further enhances the sustainability of its projects, making them both cost-effective and environmentally sound for the long term.
Q.How do you see Floatex Solar expanding over the next five years? Could you share some highlights from your journey so far?
Floatex Solar’s vision for the next five years is ambitious yet achievable, with plans to scale its operations both in India and globally. In the last five years alone, Floatex has commissioned more than 600 MW of floating solar projects and has another 300 MW in the pipeline, marking its rapid growth in a highly competitive industry. Looking ahead, Floatex aims to lead the market with innovative, next-generation solar technologies, focusing on expanding its manufacturing capabilities to meet the growing global demand for renewable energy. Floatex’s success can be attributed to its blend of superior product quality, rapid project execution, and continuous technological innovation, which have positioned the company as a frontrunner in floating solar technology. Its commitment to sustainability, customer satisfaction, and R&D will continue to drive its growth and impact in the years to come.
Q.What is your current manufacturing capacity, and what are your expansion plans?
Floatex Solar currently operates with an annual production capacity of 500 MW, and by 2025, this is set to increase by an additional 100 MW to meet growing market demands. As part of its expansion strategy, Floatex is not just focused on scaling up its production facilities but is also investing in cuttingedge technologies to enhance operational efficiency. Additionally, the company is exploring strategic partnerships to expand its footprint in international markets. This multi-pronged approach ensures that Floatex will not only meet the increasing demand for floating solar solutions but will also remain at the forefront of technological advancements, thereby reinforcing its position as an industry leader.
Q.What policy changes would you like to see to help solar PV modules flourish? Is there anything else that could boost solar installations in India?
For floating solar PV modules to truly flourish in India, several key policy changes are necessary. First and foremost, providing subsidized land and reducing electricity tariffs for solar manufacturing facilities would lower costs and create a more conducive environment for growth. Additionally, easing regulatory approvals for water-based solar installations and offering targeted financial incentives for such projects could accelerate adoption. Infrastructure development on water bodies, backed by strong public-private partnerships, is also critical for scaling these projects. Furthermore, a clear roadmap for grid integration and energy storage solutions would help ensure the reliability and stability of solar energy on a large scale, paving the way for wider adoption of floating solar technology in India.
Q.What does your renewables portfolio include, and what technologies are you focusing on?
Floatex Solar’s renewables portfolio is designed to drive innovation in floating solar technology. The company specializes in the manufacturing and installation of floating pontoons capable of supporting high-capacity solar modules, up to 610 Wp. This technology is bolstered by the addition of floating ferrocement barges that can house transformers weighing up to 30 metric tons, providing complete floating solar solutions from power generation to energy conversion. Looking forward, Floatex aims to expand its portfolio with cutting-edge energy storage solutions and hybrid systems that combine floating solar with other renewable technologies, such as wind and hydropower, to provide a more stable and consistent energy supply.
Q.How can India’s renewable energy sector unlock the path to net-zero emissions?
India’s renewable energy sector holds immense potential to lead the way in the global transition to net-zero emissions. To achieve this, the country must aggressively scale its adoption of renewables, with floating solar technology playing a crucial role. By maximizing the use of water bodies for solar installations, India can conserve land for other essential uses while benefiting from the enhanced efficiency of water-cooled solar panels. In combination with advancements in wind power, solar PV, and energy storage technologies, largescale floating solar projects can significantly increase India’s renewable energy capacity. To accelerate this transition, robust government policies, infrastructure investments, and crosssector partnerships are essential. Additionally, fostering innovation in grid integration and energy distribution will be key to ensuring that renewable energy can power the country’s growth sustainably, driving India closer to its net-zero emissions target.
Q.Could you tell us about your major projects and clientele you are catering to?
Floatex Solar has been at the forefront of several prestigious floating solar projects, demonstrating our cutting-edge expertise and capacity in this growing field. Some of our major projects include:
• 140 MW AMP Energy RUMSL Omkareshwar Project • 126 MW TATA Power RUMSL Omkareshwar Project
• 131 MW NTPC/BHEL Ramagundam
• 21.5 MW NTPC/BHEL Simhadri
• 21 MW NTPC/BHEL Kayamkulam
• 28.3 MW NTPC/L&T Auraiya
• 34 MW NTPC/Vikram Solar Kawas
These initiatives exemplify our ability to deliver high-quality, customized floating solar solutions for a variety of clients. From government bodies to prominent private corporations, we tailor our services to meet both their unique energy needs and environmental requirements, earning their continued trust and collaboration.
