Jonathan Tirone of Bloomberg reports on the growing trend of floating solar panels.
- As traditional solar panel installations face pushback from landowners, farmers, and local governments, floatovoltaics are taking off.
- Floatovoltaics, or floating photovoltaics (FPVs), are solar panels that are installed in man made bodies of water like lakes and reservoirs.
- Increasingly they are being installed on bodies of water at the site of former coal plants, stone quarries, and hydropower dams.
- The World Bank estimates that Europe could generate 7% of its energy needs by deploying FPVs on 10% of its artificial lake surfaces. Scaled globally, FPVs could generate more energy than the U.S.
Read the full article here.