Global capacity for floating solar PV reaches 1.3GW

A new report by the Solar Energy Research Institute of Singapore (SERIS), a research group based at the National University of Singapore, estimates that the current global installed capacity of energy produced from floating solar panels has reached 1.3GW.

The institute describes floating solar energy as a relatively new but rapidly expanding area of the global photovoltaic market. It has the potential, the report says, to become the “third pillar” of the industry after solar energy on land and on roof.

The goal of this research report, which falls under SERIS’ wider aims, is to share information and technical expertise about this nascent market, according to Dr. Thomas Reindl, Deputy General Manager at SERIS.

The Institute also hopes to continue expanding the “floating solar community”, building trust among investors and furthering technological advancements and best practices.