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Floating solar systems, which are installed on water bodies, generally outperform land-based solar farms in terms of energy efficiency and water conservation due to the cooling effect of the water. They also offer space optimisation by utilizing areas that might otherwise be unproductive.
Floating solar panels, like their ground-mounted counterparts, typically have a lifespan of 25 to 30 years.
While the impacts of floating solar installations on aquatic life are still being studied, they are generally considered to have lower environmental impacts than some other over-water or in-water structures. Floating solar farms can alter the aquatic environment by shading the water’s surface and reducing sunlight penetration, which can affect photosynthesis and overall ecosystem dynamics. However, some studies suggest that they can also have beneficial effects, such as creating artificial habitats, reducing algae growth, and improving water quality.
Floating solar systems are designed to withstand extreme weather through a combination of robust materials, secure anchoring systems, and modular construction. These systems use specialised buoys and platforms made from durable materials to ensure stability in varying water conditions. Secure anchoring and mooring lines help prevent drifting and maintain the system's position, while the floating platforms are designed to rise and fall with water level fluctuations, preventing damage during floods or storms.
Floating solar systems are well-suited for various types of water bodies, especially artificial ones like reservoirs, dams, waste water treatment plants and artificial lakes. These are preferred due to their calmer waters, reduced wave action, and often, pre-existing infrastructure for electricity grids. Additionally, natural lakes and even the ocean can be used, but require more robust design and engineering to withstand wave and current forces.
The average ROI on solar investment is a range of 15 to 25%.
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