Fred. Olsen 1848 Unveils Bolette: A Solution for Wave-Resilient Floating Solar

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Oslo, Norway based renewable energy company, Fred.Olsen 1848, has launched an innovative solution called Bolette, designed to unleash the potential of near- and offshore floating solar installations by enabling PV modules to move independently and effortlessly.

Bolette tackles the primary challenge faced by floating solar, namely the combined impact of high wave loads and strong winds. The technology allows PV modules to freely navigate within a rope mesh, effectively distributing the forces to the mooring system, thus effectively addressing both wave and wind loads.

The integration of Bolette includes a comprehensive solution for operation and maintenance, ensuring seamless functionality. The system is highly scalable and can be tailored to suit the specific requirements of individual projects. Moreover, all components are easily accessible, reflecting the company’s commitment to sourcing and sustainability.

In line with its focus on environmental responsibility, Fred. Olsen 1848 ensures that all components are carefully tagged and can be recycled after decommissioning, promoting a circular economy.

Having reached an advanced stage of technological development, Bolette is set to undergo a 150 kW pilot installation in Norway during the upcoming summer season. Looking ahead, Fred. Olsen 1848 plans to install its first commercial 3 MW unit in 2024, followed by the delivery of additional commercial projects starting in 2025.

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Sofie Olsen Jebsen, CEO of Fred. Olsen 1848, expressed confidence in Bolette’s design, which efficiently adapts to the ocean’s motion, even in challenging offshore conditions. She believes that Bolette’s approach will revolutionize the potential of floating solar.

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Floating solar is widely being considered, especially to offset the need for space on the ground required for big solar PV projects. As per a report titled “Floating Solar Panels Market Research Report: Information By Product, Location and Region – Global Forecast till 2030,” Market Research Future (MRFR) predicts that the floating solar panels market will achieve a valuation of around USD 4252.1 million annually by the conclusion of 2030. The report also projects a robust compound annual growth rate (CAGR) of over 24.53 per cent throughout the assessment period.