Recently, analysts from the well-known research firm IHS Markit stated that as photovoltaics enters the era of grid parity and competitiveness increases significantly, it will experience rapid development in Southeast Asia, with new photovoltaic installations expected to reach 27GW in the next five years.
Another well-known research firm, Wood Mackenzie, stated that floating solar power will experience rapid growth in the Asia-Pacific region. It is projected that 4GW of new floating solar capacity will be added globally by 2026, with China remaining the leader in this segment.
The research results from the two institutions indicate that the Asia-Pacific region, especially Southeast Asia, has enormous potential for photovoltaic development, and floating photovoltaic systems will also usher in a great opportunity for development in this process.
Generally, photovoltaic (PV) power plants are built on land, including large-scale centralized PV plants and the recently popular BIPV (Building Integrated Photovoltaics). However, in many regions, limited land resources and the construction of PV power plants create a conflict, a problem shared by both emerging and established PV powerhouses. This is where floating PV power plants have an advantage.
As the name suggests, floating photovoltaic power stations do not require the use of limited land resources, but are built on water. Especially in densely populated areas with good water resources, the generated electricity can be consumed locally without worrying about power transmission issues.
In Shandong, my country, the region boasts excellent water conditions, which are highly favorable for the construction of floating photovoltaic power stations. Coupled with user support, it has become a leading market in my country for floating photovoltaic installations.
Many countries in the Asia-Pacific region have long coastlines and abundant resources. For example, Japan, a long-established photovoltaic powerhouse, boasts the world's largest number of completed floating photovoltaic power plants, and this number continues to grow rapidly. Furthermore, coastal countries such as India, Vietnam, and Thailand also warrant attention.
Floating photovoltaic power plants are poised for significant development opportunities!
