Global Floating Solar Capacity Surpasses 1 Gigawatt

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The new hot trend in renewable energy technologies seems to be to test whether it will float, and a new report from the World Bank published last week revealed that there is currently 1.1 gigawatt (GW) worth of floating solar around the globe and that the market could potentially support up to 400 GW worth of total capacity. We have been hearing about floating solar projects for a while now — and they have become particularly popular in Asia, where the local topography is more likely to provide ideal locations for the combination of water and solar. According to the new report published by the World Bank, Where Sun Meets Water , floating solar is “particularly promising” for the fast-growing economies of Asia, and interest has been high in places like China, India, and Southeast Asia. According to the report, “capacity for floating solar is growing exponentially” — a fact borne out by the figures; specifically, at the end of 2014, total global floating solar capacity had only reached 10 megawatts (MW), but as of September 2018, that figure had increased more than 100-fold to 1.1 GW. Global installed floating PV capacity Current capacity is not the only bright […]

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