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ALBANY, N.Y., March 1, 2021 /PRNewswire/
-- Renewable energy generation has become one of the most important aspects in terms of clean energy. Technologies associated with renewable energy are gaining considerable traction across the globe. Numerous countries are embracing renewable energy systems for the preservation of exhausting non-renewable resources. Based on all these factors, the floating solar panels market will experience promising growth across the assessment period. In addition, the plethora of benefits offered by floating solar panels will serve as positive growth indicators.
Floating photovoltaic (FPV), better known as floating solar panels is a type of solar array that floats on water bodies. These panels are specially designed for their capability to float on water. These panels are most likely to be located on a basin or a lake. The panels are also installed on man-made reservoirs. The installation of solar panels on an ocean is a tedious affair because of the constantly moving waves.