In a world with mounting pressure on lands, scientists worldwide are exploring innovative ways to amplify sustainable energy resources and generate clean energy for minimizing land use. Hence, floating solar technology unlocks as an invention to present a new future for renewable energy. Stick with the blog until the end to find out more about how Floating Solar is a promising solution for sustainable energy generation in the future.
Floating solar power is mainly the installation of solar panels on water bodies like oceans, lakes, ponds, & hydropower reservoirs, among others. Today, it has become a prominent solution in response to severe conflicts associated with land use & the burgeoning need for sustainable energy.
As per a research study, the global floating solar market expects around 45% compounded annual growth rate (CAGR) during 2021-26. The governments of various countries worldwide are actively encouraging the adoption of floating solar plants by actively participating & investing in the technology in order to reduce carbon footprints & dependency on fossil fuels and promote the use of clean energy & sustainable resources. For instance:
· Across Europe, more than 50 hectares of water area will be feasible in the southern region for floating panels, which, in turn, will make a crucial contribution to the clean energy revolution. In fact, it would also diffuse the intense arguments of several European Member states on the use of land.
Floating solar technology has some prominent advantages over land-based solar farms, both in terms of finances and environmental effects. The technology can also be highly efficient & positive for the aquatic habitat beneath. In addition, many floating solar farms also facilitate fish cultivation conducted in water bodies below the PV panels. Moreover, there are numerous other benefits associated with floating solar panels. Let us continue reading to find out more.
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Top Benefits of Floating Solar Technology
· No Use of Land
Since floating solar panels are entirely on water bodies, they do not require any land space and, as a result, help take off the pressure from excessive land usage.
· Increased Power Generation
As floating solar technology comprises cool solar panels due to their installation on water bodies, they display decent efficiency even when the temperature rises. Hence, floating solar technology can significantly increase power generation when implemented at large scales.
· Convenient Electricity Consumption
Villages & cities near floating solar plants can exercise a convenient source of electricity generated through these farms, which can be well-consumed for everyday use.
· Easy Maintenance
Due to their set up on water, floating solar panels do not accumulate dust, which thus makes it convenient to clean & maintain them.
· Avoids Shade
Since water surfaces are relatively open, it allows the direct rays of the sun & effectively prevents the shade from trees, mountains, etc., thereby increasing the efficiency of floating solar panels in power generations.
· Tourist Attraction
The vast set up of floating solar plants portrays a scenic view and attracts a massive number of tourists to that area.
Summing Facts Up
Floating Solar Panels exhibit plenty of benefits like space & cost-efficiency, low maintenance, sustainable power generation, & addressing environmental concerns. Hence, they display a significant growth potential in the coming years. Besides, as green, clean, & renewable sources of energy are becoming an essential pillar to challenges associated with the depletion of natural resources & rapid climate changes, floating solar technology is an opportunistic & innovative step toward global sustainability.
It includes the size, share, growth, trends, key players, segments and regional analysis in detail during the study year 2020-2027.The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide.
The major players in the onshore floating solar market include Ciel and Terre International, Swimsol, Yellow Tropus Pvt.
Ltd., Adtech Systems Limited, Sungrow, EDP S.A. (China Three Gorges Corporation), Ocean Sun AS, KYOCERA Corporation, and Waaree Energies Ltd..
This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.Get more information on "Global Onshore Floating Solar Market Research Report" by requesting FREE Sample Copy at https://www.valuemarketresearch.com/contact/onshore-floating-solar-market/download-sampleMarket DynamicsThe rapid depletion of fossil fuel, increasing popularity of solar panels, and rising demand for uninterrupted power supply from industries and the rapidly growing population are the key driving factors for global onshore floating solar panel market growth.
Manufacturers in Asia are planning to set up renewable energy plants and integrate them with power grids in order to achieve universal electrification, which will, in turn, increase the demand for solar panels.
Furthermore, the growing interest in the commercial sector and the tax rebate given by the government on floating solar panels will expand the solar panel market.
