The transition process from fossil fuels to environmentally friendly renewable energy sources carries the risk of creating new environmental damages. Photovoltaic technology represents one of the alternatives with the least risk of harmful environmental impact. However, this technology has two important drawbacks: the significant land occupation for the installation of PV systems and the uncontrollability of production. By constructing floating photovoltaic plants on hydroelectric reservoirs, both of these problems can be reduced to an acceptable level. Some artificial reservoirs, originally built for hydroelectric power plants, have acquired a significant secondary function as recreational areas and fish breeding sites. Therefore, there is justified resistance from the local community to change the existing appearance and purpose of such reservoirs. This paper proposes a completely new concept of integrating the interests of the local community into such objects. In addition to preserving existing uses, the concept also offers new features. This can make the entire system environmentally friendly and sustainable. This paper details the technology behind the construction of floating photovoltaic power plants on artificial reservoirs and emphasizes their various advantages. These benefits include the non-utilization of cultivable land, the ease of assembly and construction, integration into existing power grids, and the potential to address electricity storage issues. For instance, Buško Lake, covering an area of 55.8 km2, may host 2.93 km2 of installed floating photovoltaic (FPV) facilities, enabling a total installed capacity of 240 MW. With an average of 5.5 h of daily sunshine, this totals 2007 annual hours, equivalent to a 55 MW thermal power plant. An analysis showed that, with losses of 18.2%, the average annual production stands at 302 GWh, translating to an annual production value of 18 million € at 60 €/MWh. The integration of this production into an existing hydroelectric power plant featuring an artificial reservoir might boost its output by 91%. The available transmission line capacity of 237 MW is shared between the hydroelectric power plant (HPP) and FPV; hence during the FPV maximum power generation time, the HPP halts its production. HPP Orlovac operates a small number of hours annually at full capacity (1489 h); therefore in combination with the FPV, this number can be increased to 2852 h. This integration maintains the lake’s functions in tourism and fishing while expanding its capabilities without environmental harm.