Offshore floating solar tech on route to commerciality

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SolarDuck has secured €15 million additional funding for the development and deployment of its offshore floating solar power technology setting it on a path to deliver its first commercial projects.

SolarDuck

Source: SolarDuck

SolarDuck’s offshore floating solar pilot platform dubbed King Eider

The Rotterdam-based company, which has multiple demonstrator projects under its belt, is working towards its goal of deploying more than 1GW of offshore generated solar electricity by 2030.

“We are delighted to have secured this latest round of funding. SolarDuck is introducing a new asset class of energy generation. With demand increasing, offshore floating solar offers real promise for the decarbonisation of our energy supply,” said Koen Burgers, CEO & Co-founder of SolarDuck.

”This successful funding round provides us with the means to continue the development and deployment of both our team and technology.”

Strong investment

Funding for SolarDuck’s technology has been provided by existing and new investors in an international consortium which includes Katapult Ocean, Green Tower, Energy Transition Fund Rotterdam and Invest-NL.

SolarDuck’s technology can be deployed in wind-scarce but sun-rich regions as ‘stand-alone’ offshore floating solar farms. Co-locating SolarDuck technology with offshore wind is also possible, as will soon be happening in the Dutch North Sea.

SolarDuck is aiming to generate a sizeable impact by replacing fossil powered energy sources like coal-fired power plants and diesel generators. This technology also enables island and offshore installations and even countries to set up an independent supply of energy.

The company has a pipeline of more than 3.5GWp and has already secured projects around the world. Amongst other projects, work is being done on a 5MW demonstrator project to be installed at the Hollandse Kust West VII offshore wind park in the Netherlands (North Sea) in collaboration with RWE. When completed, it will be the largest hybrid floating solar plant in existence.

SolarDuck is also providing Japan’s first ever offshore floating solar plant, to be installed in Tokyo Bay with local partners. A third project is underway with TNB Renewables in Malaysia.

Ahead of these projects, SolarDuck will launch its offshore demonstrator project named ‘Merganser’ early next year. It will be installed and tested in the Dutch North Sea.