Water floating solar photovoltaic fittings open new prospects for ascending up solar generating capacity, particularly in countries with high populace density and competing uses for available land. Benefits of floating solar over land-based systems include higher energy yield, concentrated evaporation, and better water quality, among others. Coalescing floating solar with hydropower plants is of particular interest. Supple hydropower output can be used to smooth the variability of the solar generation, while creation better use of existing broadcast assets, particularly advantageous in countries with weak grids. With a global estimated potential of 500 gigawatts, under conservative expectations, floating solar could double the current global mounted capacity of solar photovoltaic.
While the market is still embryonic and trials in deployment remain, the floating solar market is set to quicken as the technologies developed. Floating Solar Market Crash presents an overview of floating solar technologies, present deployment market and future chances, trials related to floating solar deployment, strategies and regulatory considerations, and current costs and project structuring. The Floating Solar Market Report is the second journal of the series Where Sun Meets Water dedicated to floating and hydro-associated solar deployment.
Credit Source: When Sun meets Water