Thailand farms

Portuguese EDP bets on floating solar farms in Southeast Asia

Band Sergio Goncalves

LISBON, July 1 (Reuters)The main computer utility of Portugal EDP.LS will expand its offshore floating solar parks in Southeast Asia, hoping to secure much of the 16 gigawatts of photovoltaic power the region is expected to install on rivers and seas by 2030.

CEO Miguel Stilwell said on Friday that the first such farm, with a capacity of 5 megawatts, launched last year in Singapore by his Sunseap unit, Southeast Asia’s fourth-largest solar operator, has shown “results positive and encouraging.

“EDP sees this new technology as a good trigger for its expansion in Southeast Asia, and is already evaluating and developing other projects there,” Stilwell told Reuters on the sidelines of the UN Ocean Conference in Lisbon. .

The Singapore park, the size of five football pitches with 13,300 solar panels and 30,000 floats, produced 6.1 GW/hour, enough to power 1,250 homes, in its first year of operation which s ended in March, he said.

Wind power plant of EDP EDP Renovaveis EDPR.LS bought Sunseap in December to gain access to fast-growing renewable energy markets in Asia-Pacific, where it plans to invest 10 billion Singapore dollars ($7.19 billion) by 2030.

Sunseap’s portfolio included 5.5 GW of projects in various stages of development in nine markets: Cambodia, China, Indonesia, Japan, Malaysia, Singapore, Taiwan, Thailand and Vietnam.

Oslo-based consultancy Rynstad Energy said in October that Southeast Asia could become the world’s biggest floating solar market, especially on rivers and dams.

While only 341 MW was under construction or in operation in the region, the lined up capacity would allow it to reach 6.6 GW in 2025 and 16 GW in 2030, Rynstad said.

“I think we can capture a big, big chunk of that projected 16 GW by 2030 with offshore floating solar farms,” Stilwell said, explaining that the seas in Southeast Asia are much calmer than in other places. other regions and that its numerous islands protect the parks from swelling.

EDP ​​recently launched Europe’s largest floating solar park on a dam in southern Portugal.

(Reporting by Sergio Goncalves; editing by Andrei Khalip and Jason Neely)

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