SunSource Energy will be developing a four MW grid-connected floating solar photovoltaic power project, along with two MW battery storage system (BESS) in Andaman and Nicobar Islands.
Once commissioned, it will be one of India's largest floating plus storage projects in Andaman and Nicobar Islands.
The project will be situated at the reservoir of Kalpong river, Kalpong Hydroelectric Project, Diglipur in North Andaman.
The company will sign a power purchase agreement (PPA) for a 25 years period with the Electricity Department of the Andaman and Nicobar Administration.
SunSource, an investee of the Neev Fund – a private equity firm backed by State Bank of India and UK’s Department for International Development, had also recently won one a solar with storage project in Lakshadweep that will supply clean and stable solar power to the islands.