A total of 1.1 gigawatts (GW) of solar have been installed around the world as of September, according to a new report by the World Bank (PDF). That’s similar to the amount of traditional solar panel capacity that had been installed around the world in the year 2000, the report says. The World Bank expects that, like traditional solar 18 years ago, we’re likely to see an explosion of floating solar over the next two decades.
That’s because floating solar is not simply “solar panels on water.” Solar panels prevent algae growth in dammed areas, and they inhibit evaporation from occurring in hotter climates. (According to Yale’s School of Forestry and Environmental Studies, major lakes in the southwestern US like Lake Mead and Lake Powell can lose more than 800,000 acre-feet of water to evaporation per year, and the adorably-described “floatovoltaics” could prevent up to 90 percent of that evaporation.”) Additionally, floating solar avoids taking up space on land that is