Offshore floating photovoltaic (OFPV) specialist SolarDuck, Italian asset manager Green Arrow Capital, and compatriot developer New Developments have agreed to collaborate on the development of a 120MWp OFPV farm integrated with 420MW of floating offshore wind.
The project will use SolarDuck’s elevated platform technology that allows PV panels to be deployed in significant wave heights whilst maintaining a safe working environment for access and maintenance and minimizing environmental impact. The project will also allow the harnessing of wind and solar energy resources simultaneously.
The Corigliano offshore hybrid wind-solar farm will be in the Gulf of Taranto off the coast of Corigliano-Rossano in Calabria. The farm is planned to feature 28 floating wind turbines for a wind capacity of 420 MWp in addition to a 120 MWp OFPV farm for a combined 540MW of capacity. The OFPV farm alone will generate more than 160 GWh of solar energy per year.
The undertaking is part of Green Arrow’s Future Fund which invests in renewable energy and digital infrastructure in high-potential markets in Europe. The project is currently in the permitting phase with an estimated COD in 2028.
“With the current momentum, we believe this is a unique opportunity for the offshore renewable energy industry to help shape a favourable regulatory framework and facilitate the scaling of OFPV. Our collaboration with New Developments and Green Arrow Capital can also be a catalyst for OFPV in Italy”, said SolarDuck CEO Koen Burgers.
