Floating Solar Panels- Global Scenario

From early 2013, megawatt-scale FSPV plants started to appear in Japan and South Korea. Since then installations have increased many folds from few megawatt-peak (MWp) to more than 1300 MWp by the end of 2018.

The technology is currently deployed in more than 24 countries across the entire world with the majority of installations are coming up in Asia, particularly in Japan, China, and South Korea. 

The total installed capacity now stands at 1314 MWp, which is further going to increase substantially in the years to come and expected to reach 4600 MWp by 2022, thanks to the recent increase in the activities in the sector in countries like China.

Majority of installations till date are deployed on man-made water bodies such as irrigation dams, industrial basins, water treatment plants, and unused mining ponds