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Company News Details

Tata Power Company Ltd
Industry :  Power Generation And Supply
BSE Code
ISIN Demat
Book Value()
500400
INE245A01021
57.6341377
NSE Symbol
P/E(TTM)
Mar.Cap( Cr.)
TATAPOWER
130.25
114872.46
EPS(TTM)
Face Value()
Div & Yield %
2.76
1
0.7
 

Tata Power partners with Ocean Sun for 300 kWp floating solar pilot at Mulshi reservoir
Oct 07,2026

Tata Power has partnered with Norway-based renewable energy technology company Ocean Sun to bring its innovative membrane-based floating solar technology to India. The collaboration agreement was signed on the sidelines of the 2nd India–EFTA Prosperity Summit, reinforcing the growing India–Norway and India EFTA partnership in technology, innovation and clean energy.

The collaboration will see Tata Power and Ocean Sun undertake a ~300 kWp floating solar pilot at Tata Power's Mulshi reservoir in Maharashtra. The pilot will evaluate Ocean Sun's proprietary membrane based floating solar technology for performance, reliability, cost competitiveness and scalability under Indian conditions, while generating practical operating insights for potential future deployment.

The ~300 kWp pilot will enable Tata Power to evaluate Ocean Sun's technology against conventional floating solar solutions across key parameters, including energy generation, capacity utilisation factor (CUF), installation methodology and time, reliability, operations and maintenance (O&M) requirements, capital cost and overall commercial viability.

Unlike conventional floating solar systems that typically use interconnected pontoon structures, Ocean Sun's technology deploys solar PV modules on a thin, hydro-elastic membrane that floats directly on the water surface. The lightweight design has the potential to simplify transportation and installation while reducing structural requirements. The close proximity of the PV modules to the water surface may also provide a cooling effect, which could contribute to improved generation performance.

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