Anchoring and mooring systems have proved the main cause of failure so far in the short history of the floating solar industry, DNV said as it unveiled the first ever recommended practice (RP) for the fledgling sector that’s tipped to play a massive role in the next wave of renewable energy growth.

Floating PV has been around for barely five years but had already deployed 2GW by the end of 2020 and is on course for a 10GW pipeline by mid-decade – and has a potential of up to four terawatts on human-made inland waters alone, according to the global energy technology and standards group, which published the RP after a joint industry project with 24 major players such as...