Matix Fertilisers and Chemicals Commissions 1MW Floating Solar Plant in Panagarh
22 January 2025, Panagarh: Matix Fertilisers and Chemicals Ltd., promoted by Mr. Nishant Kanodia is a leading manufacturer and marketer of crop nutrient solutions operating one of the world’s largest single stream urea plants has, as part of it’s shift to renewable energy, commissioned a 1MW floating solar power plant at its Panagarh facility in West Bengal.
Located within Matix’s premises, this investment represents a significant move towards energy efficiency and environmental responsibility. Solar power is a key priority in Prime Minister Narendra Modi’s energy strategy for India which aims to reduce carbon emissions and transitioning to renewable energy. This 1MW floating solar plant, expected to meet 5% of Matix’s energy needs, is Phase 1 of a gradual transition that is meant to be implemented over the next few years. Not only will it help in reducing Matix’s carbon footprint, but it will additionally minimise evaporation from the water body thus aiding water conservation. Water is a crucial input for the plant’s steam production processes which in turn powers it’s turbines for power generation. This dual-purpose solution highlights how innovative technology can address both energy and resource challenges.
Reflecting on this, Mr. Nishant Kanodia, Chairman, Matix Fertilisers and Chemicals Limited, stated, “This floating solar plant is another step in our continued commitment to integrating sustainability into our operations. We have already taken big strides in water conservation, greening and energy efficiency. By leveraging renewable energy, we aim not only to reduce our carbon footprint but also contribute meaningfully to Bharat’s environmental goals. Sustainability is at the core of our vision for the future and this 1MW is another step towards a greener Matix.’’
Floating solar technology is gaining momentum globally for its unique advantages, such as reduced land use and minimal disruption to the environment.
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