Cochin International Airport Unlisted Shares
Cochin International Airport to double installed solar capacity in next 5-10 yrs: S Suhas, MD
The Ecoonomic Times
2 min read
Cochin International Airport Ltd Set To Double Installed Solar Capacity In the Next 5-10 Years.
Expert Analysis:
Current Capacity and Plans:
Cochin International Airport Ltd (CIAL) is the world's first fully solar-powered airport with seven solar plants, a solar carport, and floating solar panels; it has an installed capacity of 50 MW at present.
Plans to double the solar capacity within the next 5-10 years.
Managing Director S Suhas of the Payyanur plant told ETEnergyWorld that new solar plants will be installed in remote locations, similar to those at the Payyanur plant.
Investment and Funding:
The investment for scaling up solar capacity will be substantial investment sourced from a combination of internal funds and green energy subsidies.
Hydroelectric Projects:
Plans venturing into hydroelectric power with a commissioned run-of-the-river project in Arippara.
Identification of new suitable locations for further hydroelectric projects is ongoing.
Green Hydrogen Plant:
Signed MoU with Bharat Petroleum Corporation Limited (BPCL) for a 1,000 kW green hydrogen plant at Kochi Airport.
BPCL will invest Rs 30 crore for technology, infrastructure, and operations.
CIAL will provide land, water, and green energy for the plant.
Completion of the green hydrogen plant is expected by early 2025.
Emerging Technologies:
Exploring smart grid technologies, energy storage solutions, geothermal energy, and bioenergy.
Energy Production and Environmental Impact:
CIAL currently produces 200,000 units of power daily, exceeding the airport's needs, making it power positive.
It generated 35 crore units of power by April 2024, cutting carbon emissions by 28,000 metric tonnes annually.
Doubling Solar Capacity:
CIAL plans to double its solar capacity from 50 MW currently within the next 5-10 years by installing new plants in remote locations.
Substantial investment will come from internal funds and green energy subsidies.
Hydroelectric Power:
Diversification into hydroelectric projects with ongoing identification of new locations.
Green Hydrogen Plant:
Collaboration with BPCL to establish a 1,000 kW green hydrogen plant, with Rs 30 crore investment and completion by early 2025.
Advanced Technologies:
Exploring smart grid technologies, energy storage, geothermal energy, and bioenergy to enhance infrastructure.
Current Performance:
Produces 200,000 units of power daily, reducing carbon emissions by 28,000 metric tonnes annually, and generated 35 crore units of power by April 2024.
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