The world's largest PV asset owner, State Power Investment Corporation (SPIC),
has commissioned the world's first commercial offshore floating photovoltaic
(FPV) power plant. The power plant, which is designed by Ocean Sun and utilizes
Ocean Sun's patented technology is also the first FPV integrated with offshore
wind. Thus its successful implementation unlocks the potential of hybrid
offshore powerplants greatly increasing efficiency and reducing LCOE.


"This is a true milestone for Ocean Sun, and for the floating solar industry.
The successful project funded by SPIC and constructed using the Ocean Sun
solution shows how the common goal of reducing greenhouse CO2 emissions will be
achieved with development across borders. We are excited to continue working
closely with SPIC through the Ocean Sun team based in China." - Says Dr. Børge
Bjørneklett, CEO and founder of Ocean Sun. 

The two floaters, with installed capacity of 0.5 MWp, are connected to the
transformer on a SPIC-owned wind turbine and then connected to the power grid
through the submarine cable of the wind farm.  After completion of the pilot
period and full technical and economic demonstration, it is planned to promote
the use of Ocean Sun's technology to build a floating wind-solar photovoltaic
project with a total capacity of 20MW in 2023.


About SPIC

SPIC is one of the five major electricity generation companies in China, and the
world's largest photovoltaic power generation enterprise, ranking 260th among
the world's top 500 enterprises in 2022, with business scope covering 46
countries and regions.  

About Ocean Sun:

By combining the Norwegian maritime expertise and knowledge within
photovoltaics, Ocean Sun has developed an innovation that offers a bold solution
to our global energy needs. The patented technology is based on solar modules
mounted on hydro-elastic membranes and offers cost and performance benefits not
seen in any other floating PV system today. With offices in Oslo, Singapore and
Shanghai, Ocean Sun aim to become the world's leading technology provider of
floating solar.