Analyzing and evaluating floating PV systems in relation to traditional PV systems

Abstract

The various benefits of floating photovoltaic technology, a relatively new kind of energy generation, have piqued the interest of many people (FPVT). FPVT technology not only helps to lessen water loss due to evaporation, but it also helps to increase energy production. Science can't progress without the analysis of mechanical and electrical systems. Many researchers have looked at FPVT systems from different angles. This article undertakes a logical investigation and provides a thorough summary of the state of the art, elaborating on the numerous features and components of FPVT systems as a means of producing electricity. The advantages and disadvantages of each type have been compared in detail. A common way of capturing solar energy for use in electrical generation is the installation of solar arrays on the roof of a structure. However, although most homes only need 5–20 kW, most enterprises require 100 kW or more. On average, floating solar panels produce 11 percent more energy than their ground-based counterparts. Approximately 40% of the water in open reservoirs is lost to evaporation, according to studies. Covering only 30% of the water's surface can reduce evaporation by 49%. At 104 GW, the solar panel market will see a compound annual growth rate of 6%. Global photovoltaic capacity climbed by 27% in 2018, reaching 512 GW. This represents about 55% of the total capacity. This study also predicts that the FPVT system will help spur a 7.38 percent increase in solar technology, which is equal to 485.4 GW of additional installed electricity around the world.