Aerial view of large floating solar panel array

Table
  • Floating Solar is a fast growing, emerging solar market with 7.7GW installed globally in 2023.
  • In 2024, S&P Global forecast that the global market would install 20 GW of Floating Solar 2024-2030.
  • The National Renewable Energy Laboratory (NREL) researchers estimate that installing floating solar photovoltaics
    on the more than 24,000 man-made U.S. reservoirs could generate about 10 percent of the nation’s annual electricity production.

    • The study pegged floating PV (photovoltaic) as a “rapidly emerging technology” that assesses the U.S. technical potential
      at 2100 gigawatts.
    • Many of these eligible bodies of water are in water-stressed areas with high land acquisition costs and high electricity prices, suggesting multiple benefits of FPV technologies.