Untapped Potential: Highlights from REGlobal’s Floating Solar in Europe Conference
REGlobal hosted its 3rd annual conference on Floating Solar in Europe at Novotel Schiphol Airport...
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Tag: floating solar
Floating solar is getting more reliable and profitable: Ciel & Terre’s Vincent Grumetz
The first floating solar projects were installed 15 years ago, and we can see that those power plants are still running and producing electricity. Thus, the technology is proven. Further, growth is also being driven by the price, and floating solar technology is becoming more competitive. For instance, the price of solar modules went down, and so did the capex of floating solar, thereby making this technology more profitable.
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Cost economics and policy landscape for the Indian floating solar sector
India’s floating solar segment is at a transition point. Having demonstrated technical feasibility through a limited number of large projects, it must now shift decisively towards more scalable deployment. The pace of deployment needs to pick up too. Achieving even 10 per cent of the 100 GW potential by 2030 would require annual additions of roughly 2 GW, a sharp increase from the current levels. Going forward, the real test for floating solar will not be how many projects are announced, but how quickly these can move from site identification to commissioning, under a standardised and reliable national framework.
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Neoen begins construction of three solar projects in France
Neoen has initiated construction of three new solar farms in France with a combined capacity of 230 MWp, all scheduled to become operational by 2028. The projects include the Le Couret agrisolar project with a capacity of 147 MWp in the Haute-Vienne department, along with the Isle-sur-Marne solar farm of 48 MWp and the Matignicourt floating solar farm of 35 MWp both located in the La Marne department.
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Global Floating Solar Framework: Report
Global floating solar capacity is projected to expand rapidly over the next decade, reaching around 77 GW of installed capacity by 2033, with the Asia-Pacific region expected to lead this growth. This expansion reflects falling generation costs, currently between USD 0.05 and 0.07 per kWh, and continued design innovations that are making floating solar a viable alternative to land-based systems. The Global Floating Solar Framework consolidates global experience and presents it in a form that is practical, actionable, and adaptable.
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Masdar inks PPA for 200 MWac floating solar project in Malaysia
Masdar has signed a power purchase agreement (PPA) to develop a 200 MW floating solar project at the Chereh dam in Pahang state, Malaysia. The project will be implemented by a consortium led by Masdar, along with Citaglobal and Tiza Global, and the agreement has been executed with Tenaga Nasional Berhad, Malaysia’s national utility company. The project was awarded under Malaysia’s Large Scale Solar Cycle 5+ programme.
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Philippines announces results of GEA-4
The Philippines Department of Energy has released the results of the fourth green energy auction (GEA-4). The tendered capacity was 10,653 MW, with 9,423.622 MW subscribed, reflecting an 88 per cent subscription rate. The auction covered ground-mounted, roof-mounted, and floating solar, onshore wind, and integrated solar with energy storage systems. A total of 111 bids were accepted.
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Sembcorp to develop floating solar project in Singapore
Sembcorp Industries, through its subsidiary Sembcorp Solar Singapore, has been selected by PUB, Singapore’s National Water Agency, to develop an 86 MWp floating solar photovoltaic project on Pandan Reservoir. This is reportedly the company’s third floating solar project in Singapore. The company has more than 1 GWp of solar capacity and more than 300 MWh of energy storage capacity in Singapore.
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Thailand floats tender for 364 MW floating solar
The Electricity Generating Authority of Thailand (EGAT) has invited bids for the Srinagarind Dam floating solar project 3 in Thailand. The project will have a planned capacity between 363.95 MW and 364 MW. It is estimated to cost around THB 7.13 billion. Reportedly, EGAT will finance the project. The deadline for bid submission is September 26, 2025. It forms part of EGAT’s plan to develop floating solar projects on dam reservoirs across Thailand.
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Ciel and Terre commissions 120 MWp floating solar project in India
A 120 MWp floating solar photovoltaic power project, developed by Ciel & Terre Solar Private Limited in collaboration with L&T and SJVN Green Energy Limited, has been commissioned at Omkareshwar in Madhya Pradesh, India. The floating solar project will supply power to the Rewa Ultra Mega Solar Limited.
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Masdar and PT PLN ink agreement for floating solar project in Indonesia
Masdar has inked two agreements with PT PLN, Indonesia’s state-owned electricity company for the development of floating solar power projects in Indonesia. The two companies have inked a MoU to develop a floating solar power plant at the Jatigede Dam reservoir in West Java. Furthermore, the project is being developed after Masdar secured the lowest tariff in the Hijaunesia 2023 bidding program.
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Philippines launches GEA-4 to add 9,378 MW of renewable energy
The Department of Energy (DOE) of the Philippines has released the terms of reference (TOR) for the fourth round of the Green Energy Auction (GEA-4). The TOR lays out the technical, financial, and commercial requirements for project selection, ensuring a fair and competitive bidding process. The GEA-4 aims to add 9,378 MW of new capacity from ground-mounted solar, roof-mounted solar, floating solar, and onshore wind projects.
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Offshore renewables will play an increasing role in our energy mix: Corine Franken
It is great to be pioneering a new asset class. This requires the ability to deal with uncertainties and a lack of clarity on adaptation timelines, as well as macroeconomic trends. The world today in 2025 is different from two years ago. Investment in OFPV also depends on the offshore wind business case as a hybrid solution. Since the offshore wind business case is under pressure, this is affecting market adaptation in Europe for OFPV. It is interesting to follow the dynamics of this nascent industry.
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Floating Solar in Europe: Industry Perspective
Floating solar has emerged as a promising clean energy solution globally, driven by primarily land acquisition-related issues and the limited availability of suitable land for traditional clean energy projects. Recognising the immense potential of floating solar, REGlobal is organising a conference on Floating Solar in Europe on February 13-14, 2025 at Novotel Amsterdam City, Netherlands. To better understand the sector’s dynamics, we reached out to key industry experts to know their perspectives on the benefits, challenges, and future prospects of floating solar projects.
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Google and CIP ink 250 MW PPA in Netherlands
Copenhagen Infrastructure Partners (CIP) has inked a power purchase agreement (PPA) with Google through its Energy Transition Fund I in the Netherlands. As part of this agreement, Google will purchase 250 MW of wind energy from the Zeevonk project to support its operations in the Dutch region for a period of 15 years. The Zeevonk project is a joint venture between Vattenfall and CIP, integrating offshore wind, solar energy, and green hydrogen production on a large scale.
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Sembcorp bags 300 MW wind-solar hybrid project in India
Sembcorp Industries, through its wholly owned subsidiary Sembcorp Green Infra Private Limited, has won a 300 MW inter-state transmission system (ISTS) – connected wind-solar hybrid power project from NTPC Limited. This project is part of NTPC’s 1.2 GW renewable energy bid and will be developed under a build-own-operate model.
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Utah completes a 500 kW floating solar project
Utah has developed its first floating solar project in collaboration with the Mountain Regional Water Special Service District, featuring a 587.5 KW system installed on a holding pond at the Signal Hill facility. The project, backed by a $400,000 grant from Rocky Mountain Power’s Blue Sky Award program, will generate 871,086 kWh of clean energy annually.
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EGAT launches tender for 182 MW floating solar hybrid project
The Electricity Generating Authority of Thailand (EGAT) has launched a tender for a hydro-floating solar hybrid project to be developed at the Srinagarind Dam in Kanchanaburi province. The project will involve the design, supply, construction, and commissioning of an 182 MW floating solar power plant.
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Floating Solar in Europe: Potential, growth trends and opportunities
Floating solar is already a well-established market in the south of Europe owing to plenty of sunshine that the area receives. Many of these countries, in fact, have supportive policy instruments for floating solar. Taking lessons from the south, the northern nations are also now witnessing large uptake as they have abundant water bodies. Offshore solar is also expected to become a big market in the coming years in the continent with some policy developments already underway.
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Glentra invests in floating solar developer Third Pillar
Glentra Capital has acquired a majority position in Third Pillar Solar Renewables LLC, a US-based floating solar developer with a pipeline of projects with a capacity ranging from 3 MW to 200 MW. According to the company’s statement, the bet was made as part of its plan to invest in renewable development platforms with strong management teams and a compelling pipeline of projects.
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