FACE THE FUTURE

A growing need for sustainable energy

Global population trends

New renewable solutions are required for densely populated areas.

World population

World population will increase with 15% between 2015 and 2040

Urbanization

Urbanization will increase. By 2040 6 out of 10 people will live in cities.

Energy demand

Global energy consumption will increase 28% between 2015 and 2040

Green house gas emmissions

Projected increase of Green House Gasses by 2040

OFFSHORE SOLAR IS THE FUTURE

Global market trends will make offshore solar complementary to onshore solar.

step 1

Need to get to net zero

Renewables will lead the global way forward

step 2

Solar is key to meet increasing demand

Solar market will increase by a factor 65 and deliver 20.000 GW by 2050

step 3

Land scarcity

Land scarcity & land prices are increasing

Result

Onshore solar alone will not suffice for many land constrained area

As a result, the floating solar market is expected to experience massive growth over the comming decades. The estimated long term market opportunity varies between 4,000 GW (World bank) and 7,6 GW (NREL) vs. Installes capacity of ~2 GQ at YE 2020. By 2025 the opportunity will be > 12 GW (Fitch Solutions)

LAND SCARCITY FORCES SOLAR OFFSHORE

Onshore solar doesn’t work everywhere. Offshore solar will become complementary.

Onshore solar has limitations in land scarse areas

Energy, Living & food

Scarce dry land forces communities to make choices in land use

Limited space

Limited available (roof) space ensures that cities need alternative space for energy generation

Deforestation

Replacing forest with solar panels is not an evironmentally viable solution.

Solution: Floating solar. But all is not created equal

Inland water limited

Rivers and lakes cover only 0.2%1 of the earth’s surface.

Rivers are crowded

River surface is already crowded with functions such as transportation & irrigation

Oceans of space

Oceans cover 71%1 of the earth’s surface indicating offshore solar is the future

"Offshore Solar beats Offshore wind in the sunbelt"

Focus on the "Sunbelt"

Target markets located in the sun belt, a hotspot for solar energy!

  • The sun belt is wind scarce, but sun rich: solar will be the mail renewable energy source.
  • Many areas in the sunbelt suffer from land scarcity: islands metropoles and offshore hubs.
  • Land scarce areas tend to have higher energy prices. These are SolarDuck’s target markets. Examples: Caribbean, Japan, Singapore, South Korea. Even in Oman the land prices are high enough for offshore solar to become attractive
  • Additionally, larger inland waterbodies can be ideal for SolarDuck’s floating solar solution.

Target markets

Decentralizes and utility scale energy supply

Megacities

  • Experience fast rising energy demand and increasing space constraints.
  • As many megacities are located in coastal areas, energy production can take place close to point of use.

Islands

  • Space constrained by nature, often running on diesel powered generators.
  • The responsible use of surrounding waterbodies by applying SolarDuck technology, allow islands to become energy dependent and reduce carbon emissions.

Offshore platforms

  • Relying on diesel or gas-powered generators to supply in energy demand.
  • Through the scalable SolarDuck technology, offshore platforms can reduce their carbon footprint by using solar energy