Investor Presentaiton
FLOATING PV CAPACITY COULD EXCEED 85 GW BY 2027
Cumulative capacity (MWp)
90 000
80 000
70 000
60 000
50 000
70% CAGR
40 000
30 000
20 000
10 000
0
2003 / 2019
2004/
2020E
2005/
2021E
2006 /
2007/
2008/
2009/
2010/
2022E
2023E
2024E
2025E
2026E
2011/
2027E
Ground-mount PV
Floating PV (start year 2019)
Sources: Wood Mackenzie & Research and Markets (floating PV), BP Statistical Review (ground-mount PV), The Company
Ocean
Sun
Based on current forecast,
installed FPV in 2023 will be
on par with ground-mount PV
capacity in 2007
Between 2007 and 2011,
ground-mount PV capacity
increased 70% p.a.
Assuming the same growth for
FPV from 2023E, FPV will be
a ~86,000 MW market by
2027E
With leveraging benefits such
as (i) no land requirement, (ii)
low unit costs and (iii)
increased efficiency, the FPV
market has the potential to
grow at an even faster pace
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