I'm trying to better understand this type of project. I'm looking for some case, understanding why some project stopped, highlighting the challenges of this new technology.
Developing a project about floating PV solar panels involves several steps. Here are some general guidelines to get started:
Conduct research: Start by researching the technology, benefits, and drawbacks of floating PV solar panels. You can explore the latest trends and best practices in the industry, as well as any regulations or policies that may impact your project.
Identify stakeholders: Next, identify the main stakeholders involved in your project. This may include investors, government agencies, utility companies, environmental organizations, and local communities. Consider their interests, concerns, and needs, and how they might be impacted by your project.
Define the project scope: Once you have identified your stakeholders, define the scope of your project. This includes determining the size and location of the project, the technology to be used, the timeline, and the budget.
Develop a business plan: Create a business plan that outlines the key components of your project, such as the financial projections, marketing and sales strategy, and risk management plan.
Secure funding: Identify potential sources of funding for your project, such as grants, loans, and investment capital. Develop a funding strategy that aligns with your business plan and stakeholder interests.
Implement the project: Once you have secured funding, begin implementing your project. This involves working with suppliers, contractors, and other partners to design, build, and operate your floating PV solar panel system.
Some of the main stakeholders in a floating PV solar panel project include:
Investors and financiers
Government agencies and regulators
Utility companies
Environmental organizations
Local communities and residents
Suppliers and contractors
Some of the main challenges in developing a floating PV solar panel project include:
Technical challenges: Designing and implementing a floating PV solar panel system can be complex and require specialized expertise in areas such as marine engineering and renewable energy systems.
Regulatory challenges: There may be regulatory and permitting challenges associated with installing a floating PV solar panel system in water bodies. It's important to understand the legal and regulatory requirements of your project location and ensure compliance.
Environmental challenges: The installation of floating PV solar panels can impact the local ecosystem, including aquatic plants, animals, and water quality. It's important to conduct an environmental impact assessment and work with local stakeholders to mitigate any negative impacts.
Economic challenges: Floating PV solar panels can be more expensive to install and maintain than traditional solar panels. It's important to conduct a cost-benefit analysis and explore financing options to ensure the project is economically viable.
Social challenges: There may be social and community engagement challenges associated with developing a floating PV solar panel project. It's important to engage with local stakeholders, address their concerns, and ensure that the project benefits the local community.
According to Isabelle Gerretsen(2022), from the Brazilian Amazon to Japan, floating solar panels are experiencing a global boom. Floating solar capacity has grown hugely in the past decade, from 70 MWp in 2015 to 1,300 MWp in 2020. The market for the technology is expected to grow by 43% a year over the next decade, reaching $24.5bn (£21.7bn) by 2031. Other countries implementing this type of project are China, India, South Korea, Vietnam, and the Netherlands, among others.
"Floating solar is a rather new [renewable energy] option, but it has huge potential globally," says Thomas Reindl, deputy chief executive of the Solar Energy Research Institute of Singapore (Seris). Covering just 10% of all man-made reservoirs in the world with floating solar would result in an installed capacity of 20 Terawatts (TW) – 20 times more than the global solar photovoltaic (PV) capacity today, according to an analysis by Seris seen by BBC Future Planet.
The rise of floating solar technology is among the latest trends in the revolutionary expansion of solar PV electricity in recent years. Globally, solar PV capacity has increased almost 12-fold in the past decade, from 72GW in 2011 to 843GW in 2021. The technology now accounts for 3.6% of global electricity generation, up from 0.03% in 2006. At the same time, solar arrays have seen an astonishing price drop, making them the world's cheapest power source.
For more information, read the following articles.
1- "The floating solar panels that track the Sun."https://www.bbc.com/future/article/20221116-the-floating-solar-panels-that-track-the-sun or the paper
2- LOATING PV PLANTS: A PROMISING FUTURE FOR SOLAR ENERGY
3- Something New Under the Sun: Floating Solar Panels. https://www.voanews.com/a/something-new-under-the-sun-floating-solar-panels-/6794529.html