Floating Solar Gains Ground Despite Policy Shifts
The renewable energy sector continues to evolve, with floating solar technology emerging as a key player despite recent federal policy changes. This year's sharp U-turn in national energy policies hasn't slowed the progress of renewables.Key TakeawaysFloating solar could meet about 10% of current US electricity needs based on potential sites identified by DOE.The APAC region is expected to dominate global floating solar capacity with an estimated 57 GW out of a projected total of 77 GW worldwide by 2033.Offshore floating PV systems are particularly promising for countries with limited land but extensive maritime zones, like Southeast Asia.The US Department of Energy (DOE) identified over 24,000 potential sites across the country in 2018 that could support substantial floating solar capacit...