Ocean Sun inks deal to deploy utility-scale floating PV plants in Greece and Cyprus

Mar 31, 2021 04:08 PM ET
  • Norwegian business Ocean Sun has actually signed an agreement to offer its floating solar innovation for utility-scale floating PV projects in Greece and also Cyprus.
Ocean Sun inks deal to deploy utility-scale floating PV plants in Greece and Cyprus
Image: Ocean Sun

A partnership with developer MP Quantum Group will certainly see the firms originally develop a 2-4MWp pilot project, prior to proceeding to larger-scale installations at both inland tanks as well as offshore areas.

Complying with conclusion of the demonstration project, the companions are aiming to develop a "minimum of 100MWp per year" of floating projects in both nations, Børge Bjørneklett, Chief Executive Officer at Ocean Sun, told PV Tech.

A certificate agreement enables MP Quantum to develop the plants utilizing Ocean Sun's floating technology, which is based upon a slim polymer membrane that is used to install PV components.

"Floating solar is a superb suitable for the energy markets in Greece and also Cyprus, with excellent irradiation, water resources and also a dedication from authorities to promote the renewable energy transition," stated MP Quantum Group chairman Yiannis Alafouzos.

MP Quantum Group is owned by the Alafouzos family members, which likewise has a bulk rate of interest in Greece-based vessel firm Okeanis Eco Tankers. According to a press release, the development of MP Quantum is part of initiatives by the family "to become a major gamer in the change in the direction of green electricity".

"The Alafouzos family members has an outstanding track record of successful businesses and we are honoured to have them as ambassadors, developers as well as enablers of Ocean Sun floating PV systems," claimed Bjørneklett.

For Ocean Sun, the cooperation adheres to the current announcement of a pilot project off the shore of Spain's Canary Islands that will certainly be used to analyse just how the firm's modern technology carries out in high waves.

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