🏭CommercialRenewable Energy • Solar
Floating Solar Panels (Floatovoltaics)
Floating solar panels, also known as floatovoltaics, are photovoltaic systems installed on water bodies such as reservoirs, lakes, and ponds. This technology addresses land scarcity issues while providing additional benefits including reduced water evaporation and improved panel efficiency due to the cooling effect of water. Commercial installations have grown rapidly, with over 2.6 GW[1] deployed globally as of 2023.