Ocean Sun AS and UAPÊ Energias Solares are pleased to announce that the 300kWp
floating solar project in Pindamonhangaba, Brazil, has achieved first power. The
installation uses Ocean Sun's patented membrane-based floating solar technology.
The R&D project is supported by the Research Council of Norway and Brazil's
FINEP and brings together Ocean Sun with Brazilian partners UAPÊ Energias
Solares and Sansuy S.A.
"Reaching first power at Pinda is an important milestone for Ocean Sun. Brazil
represents a significant market for floating solar, and having our technology
now producing electricity in the country gives us an important reference as we
work to develop further opportunities. I look forward to visiting the project
for the official inauguration in November," says Kristian Tørvold, CEO of Ocean
Sun.
The project is based on Ocean Sun's OS-48 single ring system and is designed for
calm inland waters. The site has room for significant expansion, and Ocean Sun
and UAPÊ Energias Solares have signed an MoU to prepare the next phase.
"Pinda shows two things: Ocean Sun's technology works in Brazil, and floating
solar is an attractive asset class for investors. We have been very impressed by
the technology and by the Ocean Sun team, and we see considerable room for it in
a market where water, load and grid sit side by side. The site can grow well
beyond this first ring, and UAPÊs portfolio is designed to deliver real returns
of around 15% a year above inflation. First power is the start, the next
projects are already moving towards financial close with selected investors,"
says Paulo Kessler, CEO of UAPÊ Energias Solares.
The project will provide operational experience under Brazilian conditions and
serve as an important reference as the partners explore further opportunities
for floating solar in Brazil.
For more information, please contact:
Kristian Tørvold, CEO of Ocean Sun, +47 97088847
About UAPÊ Energias Solares:
UAPÊ Energias Solares is a Brazilian floating solar developer that turns
underutilized water surfaces into generation assets. The company develops its
own sites from engineering and permitting through to energization, serving
hydropower hybridization, industry, utilities and other large power consumers.
About Ocean Sun:
By combining Norwegian maritime expertise and knowledge within photovoltaics,
Ocean Sun has developed an innovation that offers a bold solution to our global
energy needs. The patented technology is based on solar modules mounted on
hydro-elastic membranes and offers cost and performance benefits not seen in any
other floating PV system today. With offices in Oslo, Singapore and Shanghai,
Ocean Sun is embarking on its vision to be the world's leading technology
provider of floating solar.
vision to be the world's leading technology\
provider of floating solar.\