Floating Solar Photovoltaic Systems Cost Benchmark: Q1 2021 Installations on Artificial Water Bodies. In this online engineering PDH course, the costs of solar photovoltaic systems installed on floats anchored in bodies of water are estimated. Typical bodies of water used include industrial ponds, hydropower reservoirs, agricultural ponds, and flood control reservoirs. Floating photovoltaic (FPV) systems are advantageous in places where land use is constrained, land is not easily accessible, or land leasing is expensive and a body of water is available. In this course, an analysis of the installed costs for a FPV system constructed for average site conditions shows that the FPV system costs are approximately 25% higher than ground-mounted, fixed-tilt PV installed over bare ground. Higher structural costs related to the floats and anchoring system are the largest contributors to the increased cost. FPV deployment is in an early stage, and additional experience, best practice development, and new configurations and technologies might help reduce the costs of FPV systems over time. This course is based on the National Renewable Energy Laboratory report: Ramasamy, Vignesh and Robert Margolis. 2021. Floating Photovoltaic System Cost Benchmark: Q1 2021 Installations on Artificial Water Bodies. Golden, CO: National Renewable Energy Laboratory. NREL/TP-7A40-80695. https://www.nrel.gov/docs/fy22osti/80695.pdf.

Learning Objectives

• Learning how to apply bottom-up modeling methods to calculate the capital costs associated with FPV application for different site characteristics and system design types
• Knowing global PFV deployment data
• Understanding FPV system design assumptions
• Recognizing key cost components of FPV systems