Floating PV reaches the surface
Until recently, the market for floating solar systems have been available for more than a decade, but the market has until recently been limited to small and moderate size installations in a few countries. In 2017, this changed, as 390 MW of new floating PV systems were installed worldwide, mainly as part of the Top Runner Program in China.
In 2018, at IHS Markit we project that annual floating PV installations will surpass 1 GW, still mainly driven by China. After 2018, the lack of near-term pipeline in China will lead to some market adjustments, through which India, South Korea, Taiwan and a myriad of small markets fill a large portion of the demand …
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