FLOATING SOLAR – OPPORTUNITIES AND WAY AHEAD I OCTOBER 2018

Floating solar is a new and exciting application of solar PV technology. Conceptualised to overcome land availability issues, the technology has started gaining traction worldwide and is expected to grow strongly over the coming years. Annual capacity addition is expected to grow from an estimated 1.1 GW in 2018 to 4.6 GW by 2022.

China is the leading international market followed by Japan and South Korea. After years of small-scale installations, large MW-scale projects are getting developed now. China’s 150 MW project commissioned recently in Huainan, south Anhui province is believed to be the largest floating solar project in the world¹.