Study highlights potential of floating solar projects in Southeast Asia

first_imgStudy highlights potential of floating solar projects in Southeast Asia FacebookTwitterLinkedInEmailPrint分享Economic Times EnergyWorld.com:Development of floating solar photovoltaic (PV) power plants is expected to increase 100-fold in Southeast Asia over the next five to 15 years, according to energy research firm Rystad Energy.The firm added that this will happen as countries in the region are looking to substantially increase their share of renewable energy in the power mix.“Rystad Energy expects large-scale floating PV developments, typically installed on dams and reservoirs, to increase 100-fold in Southeast Asia over the next five to 15 years… This will open new market opportunities for both new and existing players in the industry,” the firm said in a press release.Development plans are in the works in Thailand and Vietnam as large-scale floating PV installations, with smaller utility-scale floating PV developments being proposed in Indonesia, Singapore and Myanmar.“Floating PV offers an attractive alternative for large and mega-scale ground-mounted utility solar development, allowing beneficiaries to take advantage of under-utilised dams and reservoirs,” says Minh Khoi Le, an analyst on Rystad Energy’s renewables team. He added that they expect floating PV capacity to grow from current levels of 0.04 GW to 3 GW in the next 10 years.More: Southeast Asia to see 100-fold increase in floating solar PV plants: Rystad Energylast_img

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