Spanish water company Miya buys stake in floating PV tech developer Xfloat

Facebook
Twitter
LinkedIn
Reddit
Email
Xfloat’s floating solar PV array. Image: Xfloat

Spanish water company Miya has acquired a minority stake in Xfloat, the Israeli floating PV tech developer.

Miya focuses on water system efficiency and delivering value for public and private water utilities. It said floating PV presents an opportunity to utilise water assets to their full potential, as well as continue its expansion into the renewable energy sector.

This article requires Premium SubscriptionBasic (FREE) Subscription

Unlock unlimited access for 12 whole months of distinctive global analysis

Photovoltaics International is now included.

  • Regular insight and analysis of the industry’s biggest developments
  • In-depth interviews with the industry’s leading figures
  • Unlimited digital access to the PV Tech Power journal catalogue
  • Unlimited digital access to the Photovoltaics International journal catalogue
  • Access to more than 1,000 technical papers
  • Discounts on Solar Media’s portfolio of events, in-person and virtual

Or continue reading this article for free

Xfloat floating arrays use a tracking system without any motors or gears, which the company says reduces costs and maximises returns. It employs a hydrostatic positioning system of buoyancy tanks to move the panels.

The company also provides software and optimisation tools to monitor operations and maintenance algorithms.

Xfloat is currently developing a 10.6MW floating solar PV plant in Maayan Zvi, Israel, which it said will be the largest floating array in the world fitted with trackers.

Floating solar is set to grow significantly in the coming years, with Miya expecting a 25% compound annual growth rate for the sector until 2030. PV Tech Premium looked into the commercialisation of offshore floating solar last month, speaking to Oceans of Energy about their project developments, and an earlier feature explored sustainable solutions for floating solar.

ACWA Power’s recent announcement of a 110MW floating solar portfolio development in Indonesia builds on the trend for a lot of floating solar to be located in southeast Asia.

This month saw Spanish utility Iberdrola awarded a tender for a 25MW floating solar plant in France, and in November SolarDuck announced plans for an offshore floating installation in the Netherlands.

27 June 2024
9am BST
FREE WEBINAR -This special webinar will take a deep dive into the latest PV ModuleTech Bankability Ratings pyramid, capturing the relative bankability status of the top 70-80 PV module suppliers globally. In addition to revealing the latest ranking of global PV module suppliers, PV Tech’s Head of Research, Finlay Colville, will show the depth of analysis and commentary included within the report for module suppliers. A key output from the webinar will be to learn which PV module suppliers have moved up the rankings pyramid in recent years and why this growth has been achieved. Conversely, some of the companies that have fallen down the rankings will be discussed, in particular those suffering from market-share losses and financial problems.
8 October 2024
San Francisco Bay Area, USA
PV Tech has been running an annual PV CellTech Conference since 2016. PV CellTech USA, on 8-9 October 2024 is our second PV CellTech conference dedicated to the U.S. manufacturing sector. The event in 2023 was a sell out success and 2024 will once again gather the key stakeholders from PV manufacturing, equipment/materials, policy-making and strategy, capital equipment investment and all interested downstream channels and third-party entities. The goal is simple: to map out PV manufacturing in the U.S. out to 2030 and beyond.
26 November 2024
Málaga, Spain
Understanding PV module supply to the European market in 2025. PV ModuleTech Europe 2024 is a two-day conference that tackles these challenges directly, with an agenda that addresses all aspects of module supplier selection; product availability, technology offerings, traceability of supply-chain, factory auditing, module testing and reliability, and company bankability.
11 March 2025
Frankfurt, Germany
The conference will gather the key stakeholders from PV manufacturing, equipment/materials, policy-making and strategy, capital equipment investment and all interested downstream channels and third-party entities. The goal is simple: to map out PV manufacturing out to 2030 and beyond.
17 June 2025
Napa, USA
PV Tech has been running PV ModuleTech Conferences since 2017. PV ModuleTech USA, on 17-18 June 2025, will be our fourth PV ModulelTech conference dedicated to the U.S. utility scale solar sector. The event will gather the key stakeholders from solar developers, solar asset owners and investors, PV manufacturing, policy-making and and all interested downstream channels and third-party entities. The goal is simple: to map out the PV module supply channels to the U.S. out to 2026 and beyond.

Read Next

June 17, 2024
German quality assurance and testing centre TÜV Rheinlandwill present a traceability testing service for modules at Intersolar Europe 2024.
June 17, 2024
The California Independent System Operator (CAISO) has taken control of a 500kV, 125-mile transmission line between California and Arizona.
June 17, 2024
The UK and the Ireland I-SEM are also top markets for renewables and battery energy storage systems (BESS) co-location in Europe.
June 17, 2024
Yindjibarndi Energy Corporation’s 150MW solar farm is the first project approved via Western Australia’s ‘Green Energy Approvals Initiative’.
June 17, 2024
Solar engineering software company PVCase has launched a project planning platform designed to cover the entire construction and planning process for PV projects.
June 17, 2024
Enel Green Power Australia confirmed its AU$190 million solar-plus-storage project in NSW, Australia, will commence construction in Q3 2024.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
July 2, 2024
Athens, Greece
Solar Media Events
July 9, 2024
Sands Expo and Convention Centre, Singapore
Solar Media Events
September 24, 2024
Warsaw, Poland
Solar Media Events
September 24, 2024
Singapore, Asia