Fred. Olsen Renewables (FOR) has entered a bilateral agreement with the Solar Energy Institute of Singapore (SERIS) to develop unique competence in offshore and near-shore Floating PV (FPV) systems in marine / salt-water conditions. The collaboration aims to compare various marine FPV solutions for different climatic conditions. The agreement will subsequently be expanded to include additional partners, typically FPV technology providers that want to test and qualify their technology for use in marine conditions.
FOR is also investigating sites for commercial FPV projects. In these commercial projects the Fred. Olsen-related companies’ 170 years of global experience, including shipping, offshore construction, offshore energy production, and renewable power production, is used to manage technical and financial risks in marine FPV projects. In these commercial projects, FOR will typically team up with one leading and financially strong local power producer in each country we target.
We want to take a first-mover position as project developer, owner and operator in selected countries in Asia and Southern Europe. Our projects will open up new opportunities for solar generating capacity, especially in countries with high population density and competing uses for available land. To date all large-scale commercial FPV capacity has been installed on in-land freshwater bodies, e.g. dams and lakes.
Moving FPV into the sea represents the next big step forward for FPV, and this opens up many new opportunities to populous coastal cities and island states to generate clean solar power at scale. At the same time, the harsher marine environment imposes stringent requirements on floats, anchors, moorings, and components.
See also SERIS’ pages for more information and reports on FPV.
Visualization illustrating what a commercial near-shore FPV system might look like.