Floating solar system provider Ocean Sun is preparing to scale up the utility-scale deployment of its technology as its management calls for more regulatory frameworks to unlock the potential of the floating PV segment.
Portugal's latest solar auction made headlines earlier this month as record-low negative bids were posted, with the results illustrating the value developers place on securing a grid connection and the strong potential they see in hybridising renewables assets.
UAE-owned renewable energy company Masdar has agreed signed a Memorandum of Understanding (MoU) with Kyrgyzstan’s Ministry of Energy to explore the development of renewable energy opportunities in the Central Asian nation.
Portugal will aim to increase the share of renewables in electricity production to 80% by 2026, four years earlier than previously planned, its new government announced ahead of the country’s latest solar auction.
Floating solar installations continue to grow globally, with Asia set to lead the way in the next decade, which presents significant opportunities for its combination with pumped hydro storage, according to a Fitch Solutions report.