Global Floating Solar Capacity Surpasses 1GW

World-wide floating solar capacity has grown from 10 MW in 2014 to 1.1 GW in 2018

This year marks a huge milestone for global sustainability efforts for the entire globe. We have been witnessing the birth of an entirely new sector for renewable energy – floating solar, or FPV. A few days ago, the global installed capacity of FPV surpassed 1 GW(p). While FPV still has a long way to go before catching up to land-based PV installations, it is clear that more and more are seeing the benefits of taking advantage of unused “land” on water, and the natural cooling effect that water brings to the table in terms of increased efficiency.

The World Bank Group has released a market report showing that during the first 6 months of 2018, more than 500 MW of FPV capacity was installed, almost 50% of the global total! Furthermore, WBG states, the most conservative estimate of floating solar’s overall global potential based on available man-made water surfaces exceeds 400 GW. This is close to the total capacity of all solar photovoltaic installations in the world at the end of 2017.

The report explains that floating solar can also complement existing hydropower infrastructure to create a synergy effect. For example, covering only 3-4 percent of a reservoir with floating solar panels can double the electricity generation capacity of the dam.

For several years, Seaflex has been one of the top choices for mooring FPV installations, primarily due to our ability to tailor the mooring system to site-specific needs. This enables Seaflex to handle hurricane-strength winds, massive waves, currents, and water level variations. We are very proud to be part of this growing market!

If you want to learn more about why Seaflex is the best choice for mooring any type of FPV application, please read more here.

Other news
Seaflex wins Golden Cleat award

During this year’s ICOMIA conference in Dubai, Seaflex CEO Lars Brandt was honored with the Golden Cleat award for Sustainability and Read more...

2021 Ocean Energy Conference

We are attending this year's Ocean Energy Conference in Bilbão, Spain The World Maritime Week is the benchmark event in the international maritime Read more...

Seaflex wins Coup de Coeur

During the Monaco Smart & Sustainable Marina Rendezvous of 2021, Seaflex was awarded with the Coup de Coeur Organised by Monaco Marina Read more...

Southhampton International Boat Show

Seaflex joins the Southhampton International Boat Show between September 10th and 19th. For the first time, the Royal Yachting Association and Read more...

Video: Fresher mentioned in EU marketing campaign

In a newly published video, the Executive Agency för Small and Medium-sized Enterprises (EASME) continues the informational campaign focusing on the Read more...