Floating solar could reach LCOE of $0.053/kWh in Saudi Arabia

Scientists in Saudi Arabia have assessed the techno-economical feasibility of floating PV plants at three different dams and have found that such projects could have a return on investment of 12 to 13 years. Scientists from King Fahd University of Petroleum and Minerals (KFUPM) in Saudi Arabia have conducted a techno-economic analysis to assess the country's potential for floating PV (FPV) development and have found that the levelized cost of energy (LCOE) of floating PV project could be as low as $0. 053/kWh. The study assessed techno-economic feasibility at three distinct locations with varying ...

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