Ocean Solar, a Norway-based developer of floating photo voltaic expertise, has signed an settlement with MP Quantum Group to deploy Ocean Solar’s floating photo voltaic answer in Greece and Cyprus.
Børge Bjørneklett, CEO and founding father of Ocean Solar mentioned: “We’re happy to enter this collaboration with probably the most well-reputed enterprise households in Greece. MP has a powerful group and an excellent plan to comprehend utility-scale floating photo voltaic within the area. The Alafouzos household has a formidable monitor file of profitable companies and we’re honored to have them as ambassadors, builders, and enablers of Ocean Solar floating PV methods” – Says
“Floating photo voltaic is a superb match for the power markets in Greece and Cyprus, with good irradiation, water sources, and a dedication from authorities to push for the renewable power transition. Ocean Solar has a world-leading answer for floating photo voltaic with its low capex and high- energy output. As well as, the seaworthiness of the system permits deployment alongside our widespread shores and island communities,” says Yiannis Alafouzos, Chairman of MP Quantum Group
Being two of EU’s most southern international locations, Greece and The Republic of Cyprus have glorious photo voltaic irradiance which supplies good yield for solar energy investments, Ocean Solar mentioned.
Additional, Ocean Solar mentioned, Greece’s Nationwide Power and Local weather Plan (NECP) has established formidable renewable power targets highlighting plans for 35% of the power to be derived from renewable power sources (RES) by 2030 and to phase-out lignite-based power manufacturing by 2028.
As cited by Ocean Solar, in response to HELAPCO, a non-profit group representing the main Greek PV corporations, this means a median of 400-500 megawatts (MW) of put in PV capability per yr till 2030. With lengthy coastlines, islands, and inland water reservoirs, this supplies a wonderful match with floating photo voltaic, Ocean Solar mentioned.
In line with Ocean Solar, the license settlement with MP permits MP to develop floating photo voltaic utilizing Ocean Solar’s proprietary expertise within the area and units the contractual framework for such tasks.
“The intention of the events is to develop utility scale floating photo voltaic, each on inland reservoirs and for ocean functions. A complete plan for penetration of the market has been developed and MP is actively working with permits for a bigger undertaking. First section of the collaboration is a pilot system, for which allows shall be acquired inside 2021,” Ocean Solar mentioned.