Company Wins Major Floating Solar Project in Jharkhand

India’s renewable energy sector received a major boost after TrueRE Oriana Power secured a contract to build a large floating solar power project in Jharkhand. The company won the engineering, procurement and construction (EPC) contract from the Damodar Valley Corporation for a 234-megawatt floating solar photovoltaic plant at the Maithon Dam reservoir. The project, valued at around ₹1,180 crore, is expected to become the largest floating solar installation in the state and among the biggest in the country.

The solar plant will be constructed on the water surface of the reservoir at Maithon Dam. Once completed, it will be connected to the power grid and supply clean electricity to the region. The project will include full design, engineering, supply of equipment, installation, testing and final commissioning of the floating solar system. In addition, the contract also covers long-term operation and maintenance services to ensure the plant runs efficiently after it becomes operational.

According to project details, the floating solar facility is scheduled to be completed within about 18 months. When it begins operation, the plant is expected to produce nearly 500 million units of clean electricity every year. This output could significantly reduce carbon emissions and support India’s transition toward renewable energy sources.

Floating solar technology allows solar panels to be installed on water bodies such as reservoirs instead of land. This approach helps save land space and can improve the efficiency of solar panels because the water below keeps them cooler. The Maithon project also plans to use a specialised anchoring and mooring system designed to keep the solar panels stable against water currents.

Industry experts say the project strengthens India’s growing floating solar sector and highlights increasing investment in large-scale renewable energy infrastructure across the country.