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Global floating solar to top 6GW threshold by 2031
The global floating solar market is expected to pass the six-gigawatt (GW) threshold by 2031, as PV developers struggle to meet growing solar demand and look to alternate development technologies. “The global solar industry, including PV developers, continue to battle limited land availability and increasing land costs for ground-mount solar projects, which is driving demand for floating installations,” said Ting Yu, consultant at Wood Mackenzie, at SNEC PV Power Expo in Shanghai today. Floating solar is expected to have a steady market share compared to overall global solar demand, with the compounded annual ... (full story)