The floating solar panel is expected to demonstrate significant growth due to several advantages that it brings.
FREMONT, CA: Solar power is fast-growing worldwide. As per reports, new solar capacity even overtook the net growth in coal, the most significant source of power generation previously. This shift was driven by advancements in solar technology and falling prices and government policies. Among all the solar technology innovations, floating solar panels are witnessing keen commercial interest in the last few years.
The use of floating solar panels has several benefits when compared to legacy solar panels. Floaters are rising in popularity in areas that have limited land space for collecting solar energy. Underutilized locations such as reservoirs can become productive solar power stations. Authorities and commercial enterprises alike can take advantage of this technology. It is proven that these floating systems perform better than solar panels installed on land. This is because evaporating water keeps solar panels cooler, and the cooler temperature allows for more efficient operation.
Floating solar installations do not work for just anyone. The majority of floating solar installations today are large-scale, and they deliver power for utility companies, commercial enterprises, or government institutions. Floating solar panels are a source of clean, renewable electricity, and this helps in decreasing greenhouse gas emissions and other pollutants into the atmosphere, leaving a positive impact on the environment and human health. Today, floating panels are considered as mobile assets that can be relocated or traded.
Floating solar is undoubtedly a smart face of new technology. These solar panels are increasingly deployed in cities and towns today. Besides, investment in research and development in floating solar panel technology is also rising. This shows that the world realizes the potential of floating solar panels and is investing significantly in projects to build an energy-efficient, clean, and sustainable future.