DNV Signs an Agreement with Makers of Floating Solar Parts from Korea

Source: www.gulfoilandgas.com 7/21/2022, Location: Asia

In order to increase the number of floating solar PV (FPV) plants in Korea and around the world as the energy transition quickens, DNV and Korean FPV providers have signed a Memorandum of Understanding (MOU) to explore business partnership options.

Under this MOU, DNV, the independent energy expert and assurance provider, will be collaborating on prospective business opportunities in the global FPV market with Korean partners which include:

- steelmaker POSCO
- power and automation solutions provider LS Electric
- floating PV and marina and offshore structures solution provider SCOTRA
- module producer SolarPark and floating PV and land PV structure producer DASCO.

The parties will exchange technical and proprietary information and know-how to develop and design systems in accordance with the requirements and practices of the global FPV market. The partners will identify projects and markets of mutual interest to the parties and cooperate on joint marketing initiatives. They will also test and verify that these FPV solutions can perform reliably in saline environments.

Floating solar has huge potential in areas where difficult terrain, land scarcity and competition for land may pose challenges to the development of ground-mounted solar systems. According to DNV estimates, the overall installed capacity of FPV will range between 10 and 30 GW by 2030. South Korea is taking an active role in this market with the Ministry of Environment’s announcement of a plan to install 2.1 GW of floating PV capacity by 2030.

Innovation has been key for most South Korean companies, which has seen their home-grown firms investing heavily in R&D and product development - factors which have enabled Korean companies to reap much success.


Saudi Arabia >>  11/30/2022 - The Water and Electricity Holding Company (Badeel), a wholly owned company by the Public Investment Fund (PIF), and ACWA Power, a leading Saudi develo...
United States >>  11/30/2022 - Leeward Renewable Energy (“LRE” or “Company”) announced that it has completed construction and commenced operations of its 100-megawatt (MW) Rabbitbru...

United States >>  11/29/2022 - Lineage Logistics, LLC (“Lineage” or the “Company”), the world’s largest temperature-controlled industrial REIT and logistics solutions provider, rank...
United Kingdom >>  11/28/2022 - Black & Veatch has been awarded a lead role in the development of an initial 2GW of solar and battery storage by UK-based developer Amberside Energy. ...

United States >>  11/28/2022 - Leeward Renewable Energy (“LRE” or “Company”) announced that it has closed approximately $420 million in construction to term financing from MUFG Bank...
Germany >>  11/25/2022 - Can solar energy be used even when the sun does not shine? Yes, thanks to photovoltaic systems with attached battery storage facilities. RWE is curren...




Gulf Oil and Gas
Copyright © 2021 Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.