SolarDuck Receives 15 Million Euros in Funding to Advance Offshore Floating Solar Power

SolarDuck has successfully secured additional funding to advance the development and deployment of offshore floating solar power technology. This funding not only propels the company’s growth but also solidifies its leading position in the Offshore Floating Solar Energy industry. With the support of both existing and new investors, including Katapult Ocean, Green Tower, Energy Transition Fund Rotterdam, and Invest-NL, SolarDuck is well-positioned to accelerate the sustainable supply of offshore energy.

The funding enables SolarDuck to deploy its first commercial projects and enhance its technology further. The company’s dedicated team is committed to optimizing the technology, expanding global markets, and facilitating a more rapid rollout. As the demand for offshore energy generation increases, SolarDuck’s innovative technology, suitable for wind-scarce but sun-rich regions, aims to replace fossil-powered energy sources and contribute to the global shift toward renewable energy.

With a project pipeline exceeding 3.5 GWp, SolarDuck has secured projects worldwide. Notable among these is a 5 MW demonstrator project in collaboration with RWE at the Hollandse Kust West VII offshore wind park, set to become the largest hybrid floating solar plant. Other projects include Japan’s first offshore floating solar plant in Tokyo Bay and a project with TNB Renewables in Malaysia. SolarDuck’s offshore demonstrator project, named ‘Merganser,’ is scheduled for launch in the Dutch North Sea early next year.

Impulse, serving as SolarDuck’s corporate finance advisor, noted the relative ease of securing funding due to SolarDuck’s promising technology, experienced team, and strong market traction. Feddo Tamminga, managing partner of Impulse, expressed pleasure in collaborating with SolarDuck, ensuring the success of the funding campaign despite challenging market conditions.