In a world accelerating toward decarbonization, the solar power industry has evolved from an emerging sector into a critical pillar of global energy infrastructure. Amid this transformation, AquaVolt Solutions (AVS) has carved out a unique and influential position—pioneering the next frontier of solar energy: floating solar systems.
Founded in 2016, AVS has grown into a recognized leader in high-efficiency, water-based photovoltaic (PV) infrastructure, offering an alternative to conventional land-based solar farms. As governments and private sectors increasingly seek out scalable, sustainable, and land-conserving solutions, AVS’s floating solar model is becoming not just relevant—but essential.
A Niche Market Becomes Strategic: The Rise of Floating Solar
Globally, floating solar installations represent a fast-growing niche within the broader renewable energy market. In 2020, global installed capacity was just over 1.5 GW. By 2025, the number is expected to exceed 15 GW, with potential to reach over 60 GW by 2030, according to estimates by the World Bank and IEA.
AVS is among a small group of highly specialized players leading the charge. As of mid-2025, AVS positioning it among the top 20 largest floating solar companies globally.
“We don’t see floating solar as an add-on to existing energy systems,” said Rashid bin Saeed, Founder and CEO of AVS.
“We see it as a foundational solution for climate-adaptive energy infrastructure—particularly in countries balancing population growth, water resource management, and clean energy targets.”
Industry Positioning: AVS in the Global Floating Solar Landscape
Based on available 2025 figures, here’s how AVS compares to other major players in the global floating solar segment:
Rank, Company, Region of Focus
1. Sungrow FPV (China), Asia, Middle East
2. Ocean Sun (Norway/Singapore), Southeast Asia, MENA
3. Ciel & Terre (France), Europe, Africa, Southeast Asia
4. Yellow Tropus (India), South Asia, Africa
5. Scatec Solar (Norway), Africa, Southeast Asia
6, Kyocera TCL Solar (Japan), Japan, Asia-Pacific
7. China Energy Engineering Corp (CEEC), China, Asia
8. Adtech Systems (India), South Asia
9. Viridian Solar (UK) Europe, Middle East
10. Equinox Solar (US), North America, Asia-Pacific
11. Masdar Clean Energy (UAE), MENA, Asia
12. BayWa r.e. (Germany), Europe, Asia-Pacific
13. Sembcorp Industries (Singapore), Southeast Asia, India
14. Mitsui O.S.K. Lines (Japan), Asia, Oceania
15. NTPC Renewable Energy (India), India
16. AquaVolt Solutions (Malaysia), Asia, Africa, Middle East
17. Akuo Energy (France), Europe, Africa
18. EDF Renewables (France), Europe, Middle East, Asia
19. Hanwha Q Cells (South Korea), Asia, Europe
20. Tata Power Solar (India), India, Southeast Asia
Technology-Driven Differentiation
AVS’s competitive position is underpinned by its technology-first approach. Its most recent innovation, launched in early 2025, achieved a 20% boost in panel efficiency by combining:
- High-reflectivity water-based mounting platforms
- Advanced passive cooling technologies that lower panel temperature
- Flexible anchoring systems for both calm and semi-turbulent waters
- Smart microinverter architecture for optimized energy conversion
This puts AVS’s offering ahead of many competitors still relying on first-generation floatation systems with minimal cooling or efficiency enhancement.
Carbon Credits: Monetizing Sustainability
AquaVolt Solutions (AVS) also derives a portion of its profits from carbon credit trading, forming part of its broader sustainability-linked business model. Through partnerships with local firms in project host countries, AVS generates and monetizes carbon credits based on the clean energy produced by its floating solar installations.
These carbon credits are then sold in regional or international markets, providing an additional revenue stream that complements electricity generation. This dual-income model makes AVS projects not only environmentally impactful but also financially resilient—particularly in markets with rising demand for carbon offsets.
“Clean energy should benefit both the planet and the bottom line,” said Rashid.
“Our partnership-driven carbon credit approach allows us to share environmental and financial value with the communities we serve.”
AVS vs. the Industry: Key Differentiators
Unlike typical solar firms that focus on ground-mounted or rooftop installations, AVS is dedicated to floating solar (FPV), leveraging underutilized water surfaces instead of competing for scarce land resources. Our technology integrates passive cooling systems, modular float structures, and high-efficiency photovoltaic panels, enabling greater performance and scalability. While most traditional solar companies rarely incorporate carbon credit models, AVS embeds profit-sharing mechanisms through local partnerships, ensuring that both investors and communities benefit directly. By targeting water-rich and emerging markets, AVS unlocks new energy potential in regions where land availability is limited, creating a sustainable solution that is both innovative and inclusive.
Challenges and Market Realities
While AVS’s prospects are strong, the company operates within a sector that faces regulatory uncertainty, grid integration challenges, and climate volatility—especially in tropical regions vulnerable to floods and typhoons.
The company is proactively investing in resilience design, climate risk modeling, and marine-friendly materials, ensuring its floating platforms can withstand extreme weather without environmental degradation.
Additionally, AVS is advocating for faster permitting processes and clearer feed-in tariff structures for floating solar, which are often undefined in emerging market energy policies.
A Vision for 2030 and Beyond
Looking forward, AVS aims to be a top 10 global floating solar company by installed capacity by 2030. Its roadmap includes:
- 10+ GW of installed capacity across 20+ countries
- A dedicated Floating Solar Innovation Hub in Southeast Asia (Vietnam or Indonesia)
- A proprietary carbon credit marketplace developed in collaboration with regional partners
- Floating solar + storage hybrid models for rural microgrids and climate adaptation
“We believe the next decade of energy will be about smart design, efficient land use, and layered financial value,” said Rashid.
“Floating solar checks all those boxes—and we’re here to lead that transformation.”
Conclusion: Standing Strong in a Shifting Industry
As the solar industry matures and decarbonization efforts intensify, AVS stands not only as a niche player—but as a category leader in one of the most scalable, sustainable, and forward-thinking branches of clean energy.
Its ability to combine technical precision, financial innovation, and local empowerment makes it a standout in a crowded sector—and a bellwether for where solar is going next.
About AquaVolt Solutions (AVS)
Founded in 2016, AquaVolt Solutions is a renewable energy company specializing in floating solar infrastructure and carbon-integrated clean energy systems. Operating across Asia, Africa, and Europe, AVS designs scalable floating solar solutions that maximize efficiency, minimize land conflict, and generate additional revenue streams through environmental partnerships.
Media & Business Inquiries
Company Name: AquaVolt Solutions
Contact Person: Nick William
Email: support@aquavoltsolutions.com
Website: https://aquavoltsolutions.com
Sustainability Inquiries: corporatesustainability@aquavoltsolutions.com
