Proceedings of the 3rd International Conference on Reinventing Business Practices, Start-ups and Sustainability (ICRBSS 2023)

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Adapting Floating Solar Power Projects: A Study of Sustainability and Economic Viability in Tamil Nadu, India

Authors
V. Vardhini1, *, Kabirdoss Devi2
1Assistant Professor, School of Management Studies, Vels Institute of Science, Technology and Advanced Studies, (VISTAS), Pallavaram, Chennai, India
2Associate Professor, School of Management Studies, Vels Institute of Science, Technology and Advanced Studies, (VISTAS), Pallavaram, Chennai, India
*Corresponding author. Email: vardhini.sms@velsuniv.ac.in
Corresponding Author
V. Vardhini
Available Online 20 February 2024.
DOI
10.2991/978-94-6463-374-0_80How to use a DOI?
Keywords
Sustainable energy; Floating solar power plant; Economic viability
Abstract

The pursuit of sustainable energy sources has become imperative in mitigating climate change and addressing India's growing energy demand. Floating solar power projects offer a promising solution, particularly in regions with limited land resources, such as Tamil Nadu. This study investigates the sustainability and economic viability of floating solar power projects in Tamil Nadu, India, and to propose policy and investment decisions. The research employs a multidisciplinary approach, combining environmental and economic perspectives to evaluate the feasibility of floating solar projects in the state. It begins by examining the environmental impact, focusing on factors like water quality, aquatic ecosystems, and carbon emissions. Results indicate that floating solar arrays have a minimal environmental footprint and can even have positive effects on water quality and biodiversity. Economic viability is a central concern in the context of renewable energy projects. The study analyses the initial capital costs, operational and maintenance expenses, and energy generation potential of floating solar systems. The study concludes that floating solar power projects represent a sustainable and economically viable solution for Tamil Nadu. Their low environmental impact, combined with the potential for long-term financial returns, underscores their promise in addressing the state's energy needs while contributing to environmental preservation. This research offers insights and recommendations for policymakers, investors, and local communities interested in harnessing the benefits of floating solar power in Tamil Nadu. By embracing this renewable energy technology, the state can contribute to the broader sustainability and economic development goals of India, ultimately reducing its carbon footprint and bolstering energy security.

Copyright
© 2024 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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Volume Title
Proceedings of the 3rd International Conference on Reinventing Business Practices, Start-ups and Sustainability (ICRBSS 2023)
Series
Advances in Economics, Business and Management Research
Publication Date
20 February 2024
ISBN
978-94-6463-374-0
ISSN
2352-5428
DOI
10.2991/978-94-6463-374-0_80How to use a DOI?
Copyright
© 2024 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Cite this article

risenwbib
TY  - CONF
AU  - V. Vardhini
AU  - Kabirdoss Devi
PY  - 2024
DA  - 2024/02/20
TI  - Adapting Floating Solar Power Projects: A Study of Sustainability and Economic Viability in Tamil Nadu, India
BT  - Proceedings of the 3rd International Conference on Reinventing Business Practices, Start-ups and Sustainability (ICRBSS 2023)
PB  - Atlantis Press
SP  - 920
EP  - 931
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6463-374-0_80
DO  - 10.2991/978-94-6463-374-0_80
ID  - Vardhini2024
ER  -