- Innova Capital Partners will build a 74 kW floating solar PV project in the Caribbean Islands, along with its technology partner Ciel & Terre of France
- Ciel & Terre will provide its Hydrelio technology for the plant set to come up on Fresh Water Bay Dam on the island of Providencia, San Andres in Colombia
- It is expected to come online before the end of 2019 and on completion will be transferred to the municipality of Providencia
New York based investment firm Innova Capital Partners and French floating solar PV specialist Ciel & Terre (C&T) have announced they will build, what they call the ‘first floating solar project in the Caribbean islands’. The 74 kW floating PV installation will come up on the Fresh Water Bay Dam on the island of Providencia, San Andres in Colombia.
To be commissioned before the end of 2019, the project is estimated to generate enough clean power to fully supply the electricity needs of the municipal aqueduct. On completion, it will be transferred to the municipality of Providencia.
The investment firm will develop and build the project through its local Colombian subsidiary, Innova Solar Colombia (ISC). It says the project was selected for a financing award from Tillväxtverket, the Swedish Agency for Economic and Regional Growth in the Demo Environment call.
The area where it will come up has been declared a biosphere reserve by the United Nations Educational, Scientific and Cultural Organization (UNESCO), according to Eva Pauly-Bowles, International Director of Sales at C&T. She said this will be the company’s second project in Colombia.
As technological partner, C&T will supply its Hydrelio technology for the project. In September 2017, it entered into an agreement with Innova to develop floating solar power plants in Colombia zeroing in on 62 reservoirs classified as large dams by the International Commission of Large Dams (ICOLD).
“This will be an innovative and pioneering project on the islands that will demonstrate the viability and potential scaling of the technology in Colombia and other countries in the region”, said Mukesh Prasad, Managing Partner of Innova.
In April 2018, Colombian utility EPM said it will develop a 100 kW capacity floating solar PV project at the El Penol Reservoir in eastern Antioquia, Colombia as the first floating solar park project in Latin America (see Floating PV Plant For Colombia).
Regions where land is in short supply need to look for innovative ways to reduce their fossil-fuel consumption and become self-sufficient in electricity generation. The report Where Sun Meets Water by the World Bank and Singapore’s SERIS sees massive potential for floating PV in the future estimating 400 GW of overall capacity under conservative assumptions, that is if the world decided to use 1% of total available surface area to install floating PV panels (see World Bank: Gigantic Potential For Floating PV).