Floating on optimism
Market development: The past year has been an exciting period for proponents of floating solar. A range of new projects and pilots have been announced across the globe over the past 12 to 14 months, with IHS Markit’s Solar Deal Tracker now listing floating PV installations in 24 countries throughout the world, all in varying stages of development.
Floating PV was once dismissed as a quirky niche that would be largely relegated to land-scarce countries such as Japan, which has played a pioneering role in commercializing such technologies over the past few years. However, the segment now appears poised for a potential breakthrough, as East Asian markets such as China, South Korea and …
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