Floating Solar Power Plants, FPV, Renewable Energy, Solar Energy, Energy Transition, Photovoltaic Modules, Floating Photovoltaic Solar Panels, Asia Pacific Region, France Floating Solar Market
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Abstract
The global floating solar power plants market is experiencing exponential growth, driven by higher yields and energy transition policies, despite high installation costs and technical challenges.
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[...] If their potential gross yield is considered more profitable than classic solar systems on the ground, the uncertainty parameters are much more numerous on the side of floating solar systems? The economic added value of floating solar power plants: first, floating solar power plant projects would potentially generate higher revenues than classic ones (we estimate a 5-10% higher yield), which would allow for a significantly higher net turnover than classic photovoltaic projects (on land). In fact, aquatic spaces (such as quarry lakes, water ponds . ) are subject to the pressure of demand that the land market is under. [...]
[...] Thus, the floating photovoltaic sector seems to be a strategic and relevant investment in France. Our case study refers to the Occitanie region, where the sector is currently undergoing a total restructuring. In fact, this region aims to triple its renewable energy production by 2050 (the year of carbon neutrality) and it has two floating solar power plants and is currently considering the feasibility of new projects or their development. The 'floating photovoltaic' sector is an emerging sector and is expected to grow further, but up to what threshold? [...]
[...] Also, the aquatic nature of the surfaces on which floating solar panels are established allows for the avoidance of any land-related disputes. In a world increasingly turned towards innovation in the field of renewable energy, it is beyond doubt that this market of growing solar power plants has considerable growth reserves that will be gradually exploited when the potential of current technologies has been exploited and new ones emerge. Thus, it is relevant to think that the profitability levels on this market for companies responsible for the manufacture of floating solar power plants. [...]
[...] This energy transition policy is mainly illustrated by the use of the energy mix strategy, that is to say the use of different forms of energy to meet the energy demand of a specific geographic area. We refer to nuclear energy, fossil energy, traditional primary energy, and renewable energy. The objective of an ecological transition is to increase the share of renewable energy in the energy portfolio of a domestic market (for example, the French energy market). Thus, the share of renewable energies in the gross energy consumption of the French market has risen from 19.3% in 20215 to 22.2% in 20236 (Ministry of Territorial Development Ecological Transition). [...]
[...] This type of configuration is not at all rare in France since floating solar power plant projects are rarely carried out without significant public support. In the context of the study of the impact of design and installation procedures for floating photovoltaic systems and to detect parameters to be modified to improve their ecological impact and potentially reduce installation costs (technical costs). When decomposing the life cycle of the panels, it is found that aluminum generates more than 90% of the carbon footprint of the entire floating system (FPV). [...]
