DNV Signs MOU with Korean Floating Solar Component Manufacturers
DNV has signed a Memorandum of Understanding (MOU) with Korean floating solar PV (FPV) suppliers which will explore business cooperation opportunities with the aim of increasing the number of FPV plants in Korea and globally, as the energy transition accelerates.
July 21, 2022. By News Bureau
The parties will exchange technical and proprietary information and know-how to develop and design systems in accordance with the requirements and practices of the global FPV market.
The partners will identify projects and markets of mutual interest to the parties and cooperate on joint marketing initiatives. They will also test and verify that these FPV solutions can perform reliably in saline environments.
Floating solar has huge potential in areas where difficult terrain, land scarcity and competition for land may pose challenges to the development of ground-mounted solar systems.
Dr. Lim Dong Ho, Market Area Manager for Korea, DNV states: ‘The signing of this MOU represents a new level of collaboration between Korean FPV suppliers and marks the beginning of a partnership that is focused on innovation and accelerating the energy transition. In recent years, DNV has been involved in helping Korean domestic clean energy component manufacturers expand their reach to international markets. The signing of the MOU will lay the groundwork for the wider adoption of FPV plants in South Korea and the rest of the world.”
Brice Le Gallo, Vice President and Regional Director APAC, Energy Systems at DNV adds: “Floating solar is an important element in Korea’s plan to achieve its net zero target by 2050. With eight of the top 10 markets for FPV demand sitting in Asia, this MOU involving Korean manufacturers is timely and couldn’t have been founded at a better place, focused on the key growing markets. The improvement in the quality and reliability of the solutions shaped by this partnership will allow investors to be better-placed to take up FPV opportunities.”
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