NewEnergyNews: The Floating Solar Growth Explosion

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    Friday, November 02, 2018

    The Floating Solar Growth Explosion

    Growing Exponentially, Floating Solar Opens Up New Horizons for Renewable Energy

    October 31, 2018 (The Financial)

    Floating solar technologies are creating major new opportunities to scale up solar energy around the world, particularly in countries with high population density and competing uses for available land…[Deployment of photovoltaic panels on the surface of bodies of water] has grown more than a hundred-fold in less than four years, from a worldwide installed capacity of 10 megawatts at the end of 2014 to 1.1 gigawatts by September 2018…[According to the World Bank and the Solar Energy Research Institute of Singapore,] the global potential of floating solar, even under conservative assumptions, to be 400 gigawatts – roughly the total capacity of all solar photovoltaic installations worldwide at the end of 2017…

    …[Some large hydropower plants could double their capacity by] covering just 3-4 percent of the reservoir…Combining solar and hydropower can also be used to smooth the variability of solar output…In a number of countries, floating solar also allows power generation to be placed more closely to urban areas or other demand centers. And while up-front costs are slightly higher, the costs over time of floating solar are at par with traditional solar, because of floating solar’s higher energy yield – due to the cooling effect of water…[along with reduced evaporation, improved water quality, and reduced costs] for pumping and irrigation…Asia is the epicenter for this new technology’s expansion…” click here for more

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