DNV partners with South Korean firms to explore floating solar opportunities

July 21, 2022
Facebook
Twitter
LinkedIn
Reddit
Email
A 70MW floating solar plant at an irrigation lake in Vietnam. Image: Sungrow Floating.

Quality assurance company DNV is collaborating with South Korean floating PV (FPV) component manufacturers to explore business opportunities in the global floating solar market.

With the aim of increasing the number of FPV plants globally, DNV has signed a memorandum of understanding with South Korean partners including steelmaker POSCO, floating structure solution provider SCOTRA, module manufacturer SolarPark and structure producer DASCO.

This article requires Premium SubscriptionBasic (FREE) Subscription

Try Premium for just $1

  • Full premium access for the first month at only $1
  • Converts to an annual rate after 30 days unless cancelled
  • Cancel anytime during the trial period

Premium Benefits

  • Expert industry analysis and interviews
  • Digital access to PV Tech Power journal
  • Exclusive event discounts

Or get the full Premium subscription right away

Or continue reading this article for free

As well as exchanging technical information to develop systems in accordance with the requirements and practices of the global FPV sector, the partners will identify projects and markets of mutual interest and cooperate on joint marketing initiatives.

“The improvement in the quality and reliability of the solutions shaped by this partnership will allow investors to be better placed to take up FPV opportunities,” said Brice Le Gallo, vice president and regional director APAC, energy systems, at DNV.

According to DNV, global installed FPV capacity will reach 10 – 30GW by 2030.

A 42MW FPV project installed on a reservoir in South Korea was completed last year. Developed by Q CELLS, the plant features a floating structure from SCOTRA.

DNV collaborated with a host of industry players to release the world’s first recommended practice for FPV last year. Focusing on five key topics – site conditions assessment, energy yield forecast, mooring and anchoring systems, floating structures, permitting and environmental impact – the guide aims to increase investor confidence in FPV.

DNV has since awarded Sungrow FPV a statement of conformity for its anchoring and mooring design methodology for floating solar systems.

Read Next

November 27, 2025
The South Korean Ministry of Economy and Finance has unveiled a plan to invest KRW33.6 billion (US$22.9 million) in research and development (R&D) by 2026 in solar tandem cell and module technology.
November 25, 2025
PowerField has completed construction of seven solar PV projects in the Netherlands with a combined capacity of 170MW.
November 12, 2025
Mooring solutions provider Mooreast has commenced feasibility studies to develop up to 500MW of floating renewables in Timor-Leste.
November 11, 2025
The Philippines has awarded 10.19GW of new energy capacity in its fourth auction round, with solar accounting for more than 6GW of capacity.
October 23, 2025
Infrastructure investment firm Nuveen Infrastructure has secured US$171 million in financing for a 137MW solar PV plant in South Korea.
October 15, 2025
Ciel & Terre has launched a new floating PV structure designed to address the increasingly large scale of floating solar projects.

Upcoming Events

Solar Media Events
December 2, 2025
Málaga, Spain
Upcoming Webinars
December 4, 2025
2pm GMT / 3pm CET
Solar Media Events
February 3, 2026
London, UK
Solar Media Events
March 24, 2026
Dallas, Texas
Solar Media Events
April 15, 2026
Milan, Italy