The huge potential of floating solar power
The huge potential of floating solar power
Today, the floating solar industry is unstoppable. Norway's rich experience and long history in the maritime, offshore and energy industries make it an excellent leader in technological development and innovation in this field.
The world's demand for electricity is expected to double by 2050. By then, the share of fossil fuels in the energy mix must be reduced. According to a study by DNV GL, to meet the Paris agreement targets, 70 percent of electricity demand must come from solar and wind power.
In Norway, electricity generated by floating solar farms can be supplied to areas near the facility, electric ferries, commercial buildings or sold directly to electricity providers.
Norway's energy companies, which build hydroelectric plants around the world, could also see a double benefit from using reservoirs for floating solar power. The advantage these companies have is that they own the infrastructure that already exists to deliver electricity.
Floating solar technology has huge growth potential worldwide, "particularly in Asia, which is currently the most important market for floating solar power, with several large floating solar farms already being built on water.(News from PV-Tech)
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