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Floating PV is Flooding South East Asia’s Power Mix - Rystad Energy

Power News - Published on Thu, 12 Sep 2019

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Floating photovoltaic panels are making a splash in South East Asia, where gigawatts worth of utility scale solar power are planned in the coming years. 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.

Rystad Energy expects large scale floating PV developments, typically installed on dams and reservoirs, to increase one hundred-fold in South East Asia over the next five to 15 years as countries in the region look to substantially increase their share of renewable energy in the power mix. This will open new market opportunities to both new and existing players in the industry.

Mr Mihn Khoi Le an analyst on Rystad Energy’s renewables team said that “Floating PV offers an attractive alternative for large and mega-scale ground-mounted utility solar development, allowing beneficiaries to take advantage of under-utilized dams and reservoirs. We expect floating PV capacity to grow from current levels of 0.04 GWac to 3 GWac in the next 10 years.”

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Posted By : Rabi Wangkhem on Thu, 12 Sep 2019
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