Startup Develops Floating Solar Farm

While solar energy companies throughout the world are competing for the relatively few vast land areas required to house solar farms, Israeli startup Solaris Synergy has found a new terrain to use. Instead of a land-based solar system, the company decided to develop a water-based technology. In other words: a floating solar power plant.  According to the company, their solar-on-water solution dramatically lowers the cost of renewable energy production since the water surface is also used for cooling the solar panels. This cooling system keeps the silicon elements used as semiconductors at a low temperature and therfore increases their power generation efficiency and extends their lifespan.