abstract
- Floating photovoltaics (FPV) have gained significant attention due to the enhanced performance of solar panels in cooler conditions and their dual land-use benefits. This study examines the techno-economic analysis (TEA) of large-scale (10-MWdc) FPV implementation on Valsequillo Dam in Puebla, Mexico. Our findings indicate that FPV systems could generate 1.3% more energy than conventional land-based PV (LPV) systems. While FPV requires higher equipment and installation costs, the absence of land acquisition expenses provides a considerable advantage. Contrastingly, land costs account for one-third of the capital investment in LPV systems, reducing their overall economic viability. Finally, the net present value (NPV) for FPV is projected to be 4.78 million USD, approximately 1 million USD higher than the LPV scenario. These results highlight the potential of FPV systems to deliver both economic and energy performance benefits, making them a viable option for renewable energy generation in regions with suitable water resources. © 2025 IEEE.