Global Forecast in floating solar to 2030

The Floating Solar market will emerge far more rapidly than anyone has previously forecast and will accumulate as much as 62 GW of capacity over as little as 10 years.

The key is opening up the market for reservoirs on dams, which will make up over 80% of the global installed marketplace. Huge sums of money are available from development banks to make this happen.

Already we are seeing massive projects in China, India and South Korea, which will change the nature of the marketplace to one made up of “mega-scale” GW plus projects, from the commonplace 1 MW projects of today and already this segment has a 10 GW pipeline.

The run rate for floating solar projects will move from 300 MW a year globally, to 9.4 GW in 2030, with some 8 GW of that all about adding solar capabilities to existing hydro reservoirs.

Companies mentioned in this report

Akuo Energy, BayWa.re., BBR Greentech, Canadian Commercial Corp, CECEP, Chip Mong Insee Cement, Ciel & Terre, DEME, Da Nhim–Ham Thuan–Da Mi Hydro Power, Electricity Generating Authority of Thailand, Electricidade de Mozambique, Energy Bank Japan, Eni New Energy, Eskom, Ghent University, Greater Visakhapatnam Smart City, Greenam Energy, GroenLeven, Isigenere, Jan De Nul Group, LONGi Solar, Marin, NRG Island, Nofar Energy, Ocean Sun, Pro Floating, Scotra, Seaflex Global, Soltech, South Korea’s MITIE, Solar Energy Research Institute of Singapore, Sri Lanka Ministry of Power and Energy, Sungrow, Sunlution, Statkraft, Tata Solar Power, Tractebel, Vector Group, Vikram Solar, X-Elio, Zimfloat

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Natalia Szczepanek
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