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This research aims to assess the economic feasibility of a 13 MW offshore floating photovoltaic farm in Spain.

Floating offshore solar energy on the Spanish coastline: an economic viability assessment

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Randomized trial evaluates economic performance of offshore floating solar in Spain, indicating renewable potential.

This research aims to assess the economic feasibility of a 13 MW offshore floating photovoltaic farm in Spain.
Evaluation of CAPEX, OPEX, LCOE, IRR, and NPV under various electricity tariff scenarios.
Geospatial feasibility maps were developed to support decision-making for solar deployment.
Analysis of five Spanish maritime regions defined by the Maritime Spatial Planning (MSP).
Canary Islands exhibited the highest energy production potential and most favorable economic outcomes.
Average LCOE was €189.74/MWh for analyzed projects.
Project profitability was highly sensitive to electricity prices and financing conditions.

Fernández-Blanco et al. (2026) studied this question.

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