SPG Solar debuted the next generation of its floating solar technology. Redesigned and engineered to be cost competitive, SPG Solar Floatovoltaics makes it possible for commercial, industrial and government users with little available rooftop or land space to float solar on water.
April 23, 2011 — SPG Solar Inc. debuted the next generation of its floating solar technology. Redesigned and engineered to be cost competitive, SPG Solar Floatovoltaics makes it possible for commercial, industrial and government users with little available rooftop or land space to float solar on water.
The product is said to provide energy savings, water savings and environmental benefits when deployed on fresh water irrigation ponds, lakes, or reservoirs. Other companies are developing similar technologies, such as Solaris Synergy’s floating concentrating photovoltaic (F-CPV).
The next-generation Floatovoltaics platform is priced competitively to ground based, single-axis tracking solar systems, said SPG Solar CEO and president Chris Robine.
When available open space is limited, Floatovoltaics provides a water-based solution. The system
- Reduces water evaporation up to 70%;
- Improves water quality by providing coverage from the sun to minimize algae growth and reduce the need for harsh water treatment chemicals; and
- Provides shade below the panels, lowering the water temperature and improving power output from the solar panels.
The Floatovoltaics power generating system works the same way as in all other solar photovoltaic (PV) installations. It is quality engineered for a system lifetime of 20+ years, features no moving parts, and requires limited maintenance.
Floatovoltaics technology is anticipated to be particularly valuable for agribusinesses, water agencies, wastewater treatment facilities, and utilities, among other applications. Tata Power and Sunergy are collaborating on a floating solar power plant in India.
SPG Solar is a leading developer of distributed solar projects for large commercial, government and public energy users. SPG Solar also offers proprietary products such as the Floatovoltaics and TTi SunSeeker single axis tracker. SPG Solar’s Structured Finance Group offers a full array of financial resources and expertise on financing solar projects. For more information on SPG Solar and distributed solar power, please visit www.spgsolar.com.