News: Ocean Sun inks Mediterranean floating solar deal

Norwegian floating solar specialist Ocean Sun has signed an agreement with MP Quantum Group (MP) to develop floating solar projects in Greece and the Republic of Cyprus.

The license agreement allows MP to develop floating solar projects in the region using Ocean Sun’s proprietary technology, and sets the contractual framework for such projects. The intention of the parties is to develop utility scale floating solar, both on inland reservoirs and for ocean applications.

A comprehensive plan for penetration of the market has been developed, and MP is actively working with permits for larger project, according to Ocean Sun. The first phase of the collaboration will involve developing a pilot system, for which permits are expected to be acquired within 2021.

Learn more here.

News Posted on 13/04/2021