Floating PV is rapidly moving from pilot projects to large-scale deployment.
Based on recent market publication research, approximately 35 GW of new floating PV capacity is expected to be installed globally between 2025 and 2031.
Key growth regions include:
🔹 APAC – led by China, India and Indonesia accounts for c. 80% of global FPV forecasted installations, which together represent the largest share of planned floating solar deployment worldwide. Rapid growth of power needs and government initiatives are likely to increase demand.
🔹 United States – Nascent market with significant growth potential demonstrated by commitments from major players and corporate PPAs. Opportunity for large-scale deployment of FPV installations in the USA federally owned or regulated reservoirs (+800 GW) to the NREL’s AquaPV toolset
🔹 Europe – Untapped potential in hydropower reservoir areas offers significant growth opportunities for floating solar across Europe
🔹 Rest of World – including promising opportunities across Latin America and Africa, where high solar irradiation and increasing pilot activity are demonstrating the scalability of floating PV.
As land availability becomes increasingly constrained and pressure grows to accelerate renewable energy deployment, floating PV offers a compelling solution that combines clean energy generation with efficient use of existing water infrastructure.