**The Rising Global Demand for Floating Solar: What You Need to Know**
If you’re interested in the solar industry, there’s an exciting trend that’s slowly gaining attention: floating solar. While solar companies have traditionally focused on ground-mounted solar arrays or rooftop solar panels for your home, floating solar is a relatively new frontier. A recent report from Wood Mackenzie suggests that global floating solar markets are poised for significant growth. So, let’s dive into what this means for the solar industry and what you should know about floating solar as a clean, renewable energy solution.
### What is Floating Solar?
Floating solar involves installing solar panels on water bodies like lakes, reservoirs, or even offshore seas. This setup reduces the need for large areas of land, addressing one of the key challenges that the solar industry faces—space. The panels remain anchored on the water surface, creating a unique solar array for home or commercial energy production. These floating solar systems can be combined with other power generation techniques, such as hydropower, making the technology particularly effective for hybrid projects.
### Global Growth Projections for Floating Solar
Wood Mackenzie’s “Floating Solar Landscape 2024” report predicts that the global installed capacity for floating solar will hit **77 GW by
Original Article: https://pv-magazine-usa.com/2024/11/20/united-states-on-track-to-install-0-7-gw-of-floating-solar-by-2033/
