Log in
Show password
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Dynamic quotes 
  1. Homepage
  2. Equities
  3. Norway
  4. Oslo Bors
  5. AqualisBraemar LOC ASA
  6. News
  7. Summary
    AQUA   NO0010715394


SummaryMost relevantAll NewsOther languagesPress ReleasesOfficial PublicationsSector news

AqualisBraemar LOC : Floating Solar's Bright Horizons

09/17/2021 EDT
Floating Solar's Bright Horizons

Going into this week's Seanergy 2021 - France's leading international conference for marine renewables and offshore wind - we asked one of our French-based marine renewables' specialists, Innosea'sBenoit Briere, to share some insights on one of the emerging 'future energy heroes' of today - floating solar photovoltaics ('FPV'), and to discuss where he sees the technology's current trajectory of growth going.

In case you missed it over the summer months whilst enjoying a bit of fun in the sun, the season this year has actually seen solar hotting up in more ways than one. Indeed, recent months has seen promising signs of progress for the floating solar photovoltaics (FPV) industry.

At the start of summer, Masdar Clean Energy, part of Abu Dhabi government's Mubadala Investment Company and a leading developer and operator in renewable energy projects, confirmed the final investment decision for a 145MW floating solar PV project on Cirata reservoir, in Indonesia. The project will be Indonesia's first utility-scale FPV plant. Due to be commissioned in 2022, it was set to be the largest floating solar PV project in the world outside of People's Republic of China.

However, that prospective record has already been beaten with French utilities EDF committing to the development of an even larger project - a hybrid floating solar project on the reservoir of the Nam Theun 2 hydropower project in Loas, with a capacity of up to 240MWp. Nam Theun 2-Solar will be the largest hybrid FPV project in the world, with construction expected to begin in 2022 and operations in 2024.

Both news items confirm East Asia's leading place in the current floating solar development. What about Europe and other markets for FPV then?

Big projects may be on their way as well, with a potentially game-changing auction due later this month in Portugal. This auction - specific to floating solar projects - would total no less than 500MWp. In France, with several projects currently under construction, the total installed capacity will have tripled by the end of this year compared to the same date last year.

Though rather small-scale compared to other projects mentioned here, North African countries Tunisia and Morocco are also both making strides into developing the first FPV plants for their respective countries, extending the global FPV footprint to the wider Mediterranean region. In the far-eastern side of the Med, EDF is set to install one of the largest FPV plants in the region, in Israel for almost 20MWp.

These plans reflect Europe and the Mediterranean's bright horizons ahead for FPV, but there are a lot of unknowns still surrounding what this local floating solar market will look like. Could the Med become to floating solar what the North Sea has been for offshore wind? Will development in the region be driven by a large number of medium-scale projects, or are we going to see large projects as those observed in South-East Asia? Will we witness the development of nearshore of offshore floating solar, in this region where inland water bodies may be rare in certain areas?

Committed to exploring the commercial and scalable viability of FPV to support different countries' race to a net-zero economy, we may not have a crystal ball to predict what lies ahead, but we will definitely be monitoring the sector's developments closely. One thing recent months have certainly shown us is that this is a fast-maturing industry, which continues to challenge the limits of what can be considered a feasible green energy solution.


Aqualisbraemar ASA published this content on 17 September 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 20 September 2021 15:31:06 UTC.

© Publicnow 2021
10/21AQUALISBRAEMAR LOC : Longitude Engineering appoints Asia MD in clean shipping drive
10/20MEET THE TEAM : Umberto Varbaro
10/19AQUALISBRAEMAR LOC : OWC lands owner's engineering role for Hai Long Offshore Wind
10/13AQUALISBRAEMAR LOC : Meet the ABL Class of 21!
10/13MEET THE TEAM : Peter Van Der Kraan
10/13AQUALISBRAEMAR LOC : David Rushton takes lead role in ABL Group's offshore energy geoscien..
10/08AQUALISBRAEMAR LOC : Mining's Evolution with Digital Twins and Virtual Reality
10/07AQUALISBRAEMAR LOC : ABL Group expands from offshore to onshore renewables with new senior..
10/04AQUALISBRAEMAR LOC : Earnings Document
10/04MEET THE TEAM : Nadrah Zaabar
More news
Financials (USD)
Sales 2021 157 M - -
Net income 2021 6,99 M - -
Net cash 2021 9,00 M - -
P/E ratio 2021 16,9x
Yield 2021 4,79%
Capitalization 118 M 118 M -
EV / Sales 2021 0,70x
EV / Sales 2022 0,57x
Nbr of Employees 922
Free-Float 48,1%
Duration : Period :
AqualisBraemar LOC ASA Technical Analysis Chart | AQUA | NO0010715394 | MarketScreener
Technical analysis trends AQUALISBRAEMAR LOC ASA
Short TermMid-TermLong Term
Income Statement Evolution
Mean consensus BUY
Number of Analysts 1
Last Close Price 1,22 $
Average target price 1,60 $
Spread / Average Target 31,3%
EPS Revisions
Managers and Directors
John David Peter Wells Chief Executive Officer
Dean Zuzic Chief Financial Officer
Glen Ole Rødland Chairman
Bader Diab Director-Engineering & North America
Reuben Segal Chief Operating Officer & Director-Middle East
Sector and Competitors