• The National Renewable Energy Lab (NREL) estimates that floating solar systems could meet 10 percent of the United States electricity needs at 2,100 gigawatts and estimates about 2.1 million hectares of land could be saved if solar panels were installed on bodies of water instead of on the ground.
  • Globally the Floating Solar market is expected to grow from $13.8 million in 2015 to $2.7 billion by 2025.
  • At least 2.4 gigawatts of floating solar will be installed globally by the end of 2019.

Floating solar demand is expected to grow by an average of 22 percent year-over-year from 2019 through 2024.

US Floating Solar

Annual Global Floating Solar Installations as a Percentage of Annual Global Solar Installations 2018-2024E, GW (DC)