KEY POINTS
- German energy firm RWE to invest in a pilot project in the North Sea featuring technology developed by Dutch-Norwegian start-up SolarDuck.
- The pilot project, called Merganser will have a 0.5 MWp capacity and will utilize SolarDucks’s triangular-shaped floating platform of solar panels, which are capable of withstanding harsh off-shore conditions.
- Hybridization projects, combining multiple renewable energy technologies, are attractive to investors due to their potential for generating greater sustainable energy at lower costs.
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