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P&S Intelligence: floating solar market set to grow


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Government efforts to curb the release of harmful gases into the atmosphere are expected to propel the global floating solar panels market to US$2301.8 million by 2026, from US$685.2 million in 2019, according to the market research study published by P&S Intelligence.
In countries around the world, stringent environmental regulations are in place and tax rebates and other financial incentives are being offered to promote clean energy. Though solar energy is one of the best alternatives to creating electricity from fossil fuels, the requirement for large areas for the installation of photovoltaic (PV) panels discourages many from adopting it.
This is proving beneficial for the floating solar panels market, as such PV plants are installed on waterbodies, including lakes, ponds, dam reservoirs, and seas. This leaves the land free for other purposes, such as agriculture or construction, which is why governments are now rapidly installing PV panels on water. ....

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SolarMarine Energy design floating renewable energy system in Ireland


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SolarMarine Energy Ltd (SolarMarine Energy), an Irish small-medium sized enterprise (SME) based in County Mayo, Ireland, has designed an innovative floating hybrid renewable energy system, which could offer sustainable low carbon solution for Irish coastal communities.
The research and development project was funded by the Marine Institute s 2018 Industry-Led Awards scheme. Under the scheme, the Marine Institute provided €2.4 million in funding for research projects to twelve companies, working in collaboration with five higher education institutions.
For this research project, SolarMarine Energy designed a floating solar energy structure to produce green hydrogen. Green hydrogen is generated using excess renewable energy that can be used as a clean fuel for heating and transport, or to store and transport energy. The company’s research indicates that floating solar energy is ideal for island and coastal communities. ....

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Impact of COVID-19 on Floating Solar Panels Market to Reach US$ 5,861.36 Mn by 2027 – KSU


/Impact of COVID-19 on Floating Solar Panels Market to Reach US$ 5,861.36 Mn by 2027
Impact of COVID-19 on Floating Solar Panels Market to Reach US$ 5,861.36 Mn by 2027
Floating Solar Panels Market Estimated to Reach US$ 5,861.36 Mn by 2027. Floating Solar Panels Market is anticipated to expand at a CAGR of 43.02% from 2019 to 2027
tmrFebruary 5, 2021
Market Description
Floating solar panel based plant or farm is an arrangement of photovoltaic solar panels on a structure that floats on a water body, which is generally a lake or reservoir. Solar panels used in the construction of floating solar farms are known as floating solar panels.
It is a new method of utilizing water surface available on dams, reservoirs, and other water bodies for the generation of solar energy ....

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Equinor test floating solar energy in Norway


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Equinor is already an offshore wind major. Now the company will explore the opportunities within offshore solar power. Together with Moss Maritime, the company wants to start testing off the island of Frøya, Norway.
The plan is to build a floating pilot plant off Frøya, near Trondheim, in the late summer of 2021. It is set to become the world’s first pilot plant for floating solar power in rough waters.
The municipality of Frøya has responded positively to and is involved in the planning of the pilot plant. Equinor has filed an application with the Norwegian Water Resources and Energy Directorate. Planned to measure 80 m x 80 m, the plant will tower less than 3 m over the sea surface. According to plans, the pilot will be tested for minimum one year. The project is a collaboration between Equinor and the technology company Moss Maritime. ....

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