Featured in Connected to technology – 05-2020

Asian buoyancy floats solar

Global floating PV installations are set to jump by 143% from 2019 to hit more than 900 MW of annual capacity additions this year, according to IHS Markit’s Floating PV Report – 2020. Growth has been driven in recent years by a surge in the number of floating PV systems installed in countries such as China, South Korea, Japan, and the Netherlands, with total global installed capacity reaching about 1.5 GW at the end of 2019. IHS Markit Research Manager Cormac Gilligan and Senior Analyst Chris Beadle examine how these countries have taken the lead, with developers building large quantities of floating PV, while also installing pilots to better understand the technology and test its capabilities and cost-effectiveness.
An SGI of a 70 MW floating PV plant in construction in Anhui province, China. | Image: Ciel & Terre

Floating PV (FPV) represents a growing opportunity for developers to install solar in countries that face land constraints. In specific locations that have favorable conditions – such as water bodies with proximity to existing grid connections, including hydropower dams or water treatment plants – it is also advantageous, as floating PV can use existing infrastructure …

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