{"id":16038,"date":"2023-02-14T08:12:00","date_gmt":"2023-02-14T08:12:00","guid":{"rendered":"https:\/\/www.prnasia.com\/story\/archive\/4012773_AE12773_0"},"modified":"2023-02-14T08:12:00","modified_gmt":"2023-02-14T08:12:00","slug":"floating-solar-addresses-growing-land-scarcity-issues","status":"publish","type":"post","link":"https:\/\/transmediavictoria.net.au\/?p=16038","title":{"rendered":"Floating Solar Addresses Growing Land Scarcity Issues"},"content":{"rendered":"

Innovative designs, high-grade materials, and tracking technology enhance the viability of floating solar, says Frost & Sullivan<\/b><\/p>\n

SAN ANTONIO<\/span>, Feb. 14, 2023<\/span> \/PRNewswire\/ — Floating solar photovoltaics (FSPVs) are a game-changer in the renewable energy sector, according to the most recent analysis by Frost & Sullivan, Technological Advancements in Floating Solar Technologies<\/b>. The conventional land-based solar power business is challenged by the rising prices of land acquisition brought on by the growing population. FSPVs, in this instance, do not require land and float on bodies of water, including reservoirs, hydroelectric dams, and artificial lakes. As a result, floating solar technology manufacturers have made significant investments in research and development (R&D) work to improve floating support materials, cutting-edge designs, mooring and anchoring technologies, and sophisticated sun-tracking systems.<\/p>\n

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Floating Solar Addresses Growing Land Scarcity Issues<\/span> <\/div>\n

For further information on this analysis, please click here<\/a>.<\/b><\/p>\n

“Floating solar will increase in value as land scarcity-related issues become more prominent,” said Paritosh Doshi<\/span>, Energy & Environment Sr. Research Analyst at Frost & Sullivan<\/b>. “Additionally, floating solar power plants significantly reduce evaporation on bodies of water, which will drive the adoption of floating solar during the next decade as a technology that achieves sustainable energy production while conserving water.”<\/p>\n

Doshi added: “Floating solar involves expensive infrastructure comprising floating support and mooring and anchoring systems for transporting the electricity that plants generate to onshore areas. This pushes companies to minimize such costs by collaborating with hydropower plant operators, as it will allow floating solar plants to utilize the transmission infrastructure used by hydropower plants.”<\/p>\n

To tap into the growth prospects of floating solar technologies, market participants should:<\/p>\n