Where Sun Meets Water – FLOATING SOLAR MARKET REPORT
Where Sun Meets Water – FLOATING SOLAR MARKET REPORT
Where Sun Meets Water: Floating Solar Market Report Where Sun Meets Water – FLOATING SOLAR MARKET REPORT Floating solar photovoltaic installations open up new opportunities for expanding solar power generation capacity, especially where the population density is high and the available land is competitively used.
Floating solar photovoltaic installations have opened up new opportunities for expanding solar power generation capacity, especially in countries with high population densities and competitive use of available land. The advantages of floating solar over land-based systems include higher energy production, reduced evaporation, and improved water quality. The combination of floating solar energy with hydroelectric power plants is of particular interest. Flexible hydropower output can be used to smooth the variability of solar power generation while making better use of existing transmission assets, which is particularly beneficial to countries with weak grids. Under conservative assumptions, the global estimated potential is 400 GW. Floating solar energy can double the current global solar photovoltaic installed capacity.
Although the market is still in its infancy and deployment challenges still exist, as the technology matures, the floating solar market will accelerate its development. The Floating Solar Market report outlines floating solar technology, current deployment markets and future opportunities, challenges related to floating solar deployment, policy and regulatory considerations, and current costs and project structure.
