Australia-based FloatPac has launched a floating solar solution after carrying out research and development activities for a period of four years.

Called FloatPac Solar, the ‘under-utilised renewable energy option’ solution is affordable and environmentally innovative.

FloatPac CEO Gavin Hodgins said: “There is a real onus on us to lead the global field, with regard to research, but also to find long-term solutions to rising Australian energy costs – the legacy of an ageing infrastructure.

“As a broad concept, floating solar is an ideal proposition for any industry that has high water and energy usage.”

“The prospect of an affordable floating solar solution has already generated huge interest. As a broad concept, floating solar is an ideal proposition for any industry that has high water and energy usage, but uptake has historically been limited principally because of the cost of importation.

“We took on the challenge by not only manufacturing within Australia but by designing a sustainable product which – even in its transportation – has a significantly lesser environmental impact than existing products in the marketplace.”

FloatPac Solar is designed to be easily mounted on the surface of large bodies of water and lowers freight costs by around 30%. The company claims that its floating solar makes maximum use of the available space as well as helps reduce evaporation and suppresses algae.

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Hodgins further added: “We have 35 years experience in flotation alone, and this design utilises the learning from our leading product which has, itself, carved a remarkable niche within the industry.

“The pods are UV stabilised, rot and mould resistant and 100% recyclable, and we’re passionate about working with Australian manufacturers with a vision of creating a completely Australian made product offering – from arrays and panels, right through to inverters and cabling.”