Floating Solar Addresses Growing Land Scarcity Issues

For further information on this analysis, please click here. For further information on this analysis, please clickhere. "Floating solar will increase in value as land scarcity-related issues become more prominent," saidParitosh Doshi , Energy & Environment Sr. Research Analyst at Frost & Sullivan. "Additionally, floating solar power plants significantly reduce evaporation on bodies of water, which will drive the adoption of floating solar during the next decade as a...

For further information on this analysis, please click here.

"Floating solar will increase in value as land scarcity-related issues become more prominent," said Paritosh Doshi, Energy & Environment Sr. Research Analyst at Frost & Sullivan. "Additionally, floating solar power plants significantly reduce evaporation on bodies of water, which will drive the adoption of floating solar during the next decade as a technology that achieves sustainable energy production while conserving water."

Doshi added: "Floating solar involves expensive infrastructure comprising floating support and mooring and anchoring systems for transporting the electricity that plants generate to onshore areas. This pushes companies to minimize such costs by collaborating with hydropower plant operators, as it will allow floating solar plants to utilize the transmission infrastructure used by hydropower plants."

To tap into the growth prospects of floating solar technologies, market participants should:

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Technological Advancements in Floating Solar Technologies

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