Portugal's EDP betting on floating solar farms in Southeast Asia

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

LISBON: Portugal's main utility EDP EDP.LS will scale up its offshore floating solar farms in Southeast Asia, hoping to get a big slice 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 the first of these farms, with a capacity of 5 megawatts, launched last year in Singapore by its unit Sunseap, Southeast Asia's fourth-largest solar operator, showed "positive and encouraging results".