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Home / News / International market / Global floating solar market could double by 2031

Global floating solar market could double by 2031

Wood Mackenzie indicates that at least 15 countries should exceed 500 MW in installations in the coming years
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  • Photo by Henrique Hein Henrique Hein
  • May 26, 2023, at 10:30 PM
1 min 14 sec read
Global floating solar market could double by 2031
Floating solar power plant consists of the installation of photovoltaic systems operating on the surface of the water. Photo: Disclosure/Lightsource BP

O global market de solar energy floating should exceed the 6 GW of installed power up to 2031, point out estimates disclosed by wood mackenzie, one of the most renowned research and consultancy companies in the world.

According to the study, the advancement of floating solar plants, consists of photovoltaic system installations operating on the water surface, occurs because of large number of projects under development and who are seeking alternative solutions to overcome the market's difficulties in meeting the growing demand for clean energy sources.

The analysis of Wood Mackenzie indicates that the segment should also advance according to development costs of projects are become more competitive.

Currently, the projects with this technology total around 3,4 GW across the planet, of which approximately 90%. (3 GW) meet installed in Asia-Pacific region, with emphasis on countries such as China, South Korea, Indonesia, India and Thailand. 

Almost 150 MW in installed projects, the Europe is second largest market in the world in the segment. The region is led by the Netherlands, which is the country with the largest installed capacity outside of Asia. 

A forecast is that at least 15 countries surpassed the mark 500 MW of accumulated floating solar energy installations up to 2031. During this eight-year period, the technology must also present a and growing stable, with a rate of evolution annual rate of 15%. 

solar energy study GW world research floating solar plant wood mackenzie
Photo by Henrique Hein
Henrique Hein
He worked at Correio Popular and Rádio Trianon. He has experience in podcast production, radio programs, interviews and reporting. Has been following the solar sector since 2020.
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