Ahasolar Technologies Wins Work Order for Floating Solar PV Project Consultancy

Ahasolar Technologies Limited has announced that it has secured a consultancy contract worth ₹29.50 lakh from North Eastern Electric Power Corporation Limited (NEEPCO) for the preparation of Pre-Feasibility Reports (PFRs) and Detailed Project Reports (DPRs) for Floating Solar PV Projects across multiple dam reservoirs in Meghalaya, Mizoram, and Uttar Pradesh.

This work order is a significant milestone for Ahasolar Technologies as it further strengthens the company’s position as a leading energy consultancy and solar solutions provider in India.

Project Details and Scope

The awarded project involves detailed feasibility analysis and project planning for floating solar power installations across three states. The consultancy service will include:

• Pre-Feasibility Reports (PFRs): Assessing potential locations, capacity estimation, and initial technical evaluations.
• Detailed Project Reports (DPRs): Comprehensive technical, financial, and structural analysis for the development of floating solar PV plants.

The entire consultancy project is expected to be completed within four months.

Significance of Floating Solar PV Projects

Floating Solar PV technology is gaining momentum in India as an innovative solution for land-scarce regions. These projects provide:

• Higher energy efficiency due to the cooling effect of water bodies.
• Reduction in land usage, making them an attractive alternative to traditional solar farms.
• Minimized water evaporation, benefiting water conservation efforts.
• Enhanced energy production with lower maintenance costs.

With the government’s push towards renewable energy adoption and sustainable power solutions, floating solar projects are set to play a key role in India’s clean energy transition.

Ahasolar Technologies’ Growth in Solar Energy Consultancy

Ahasolar Technologies Limited has been actively expanding its presence in solar energy consultancy and software solutions. The company specializes in:

• Energy consultancy services for solar and net-zero projects.
• Solar software development for project management and execution.
• Net-zero advisory for businesses and governments adopting sustainable energy solutions.
• Solar marketplace solutions for streamlining solar project implementation.

Commenting on the work order, Piyushkumar Vasantlal Bhatt, Chairman & Managing Director of Ahasolar Technologies, stated:

"This consultancy project from NEEPCO marks a significant step forward for Ahasolar Technologies in the floating solar PV sector. With the increasing focus on renewable energy solutions, we are committed to providing expert consultancy services for sustainable and innovative solar power projects across India.”

Key Takeaways from the Work Order

• Awarding Entity: North Eastern Electric Power Corporation Limited (NEEPCO)
• Project Scope: Consultancy for Floating Solar PV Projects across Meghalaya, Mizoram, and Uttar Pradesh
• Project Value: ₹29.50 lakh
• Completion Timeline: 4 months
• Nature of Contract: Consultancy services for feasibility and project development reports

Conclusion

Ahasolar Technologies' latest consultancy contract for Floating Solar PV Projects highlights its growing role in India’s renewable energy sector. As floating solar technology gains traction, Ahasolar’s expertise in solar project consultancy and development positions it for further growth and expansion in the clean energy industry.

With India’s renewable energy market witnessing significant investments and policy support, projects like these are expected to contribute to India’s ambitious clean energy targets, reinforcing Ahasolar Technologies’ position as a key player in the solar energy consulting domain.

The Upcoming IPOs in this week and coming weeks are Swasth Foodtech, Beezaasan Explotech, HP Telecom India.

The Current active IPO are Royalarc Electrodes, Tejas Cargo India, Quality Power Electrical Equipments, L.K. Mehta, Shanmuga Hospital.

Start your Stock Market Journey and Apply in IPO by Opening Free Demat Account in Choice Broking FinX.

Join our Trading with CA Abhay Telegram Channel for regular Stock Market Trading and Investment Calls by CA Abhay Varn - SEBI Registered Research Analyst.

Join our Finance Saathi Telegram Channel for Regular Share Market, News & IPO Update.