Fishery Solar Photovoltaic Market to Reach USD 63.6 Billion by 2031 with 32.8% CAGR, Driven by Tongwei and LONGi

In 2025, the Fishery Solar Photovoltaic (PV) Project market, also known as the Fishery-PV Hybrid Project sector, is accelerating at an unprecedented rate globally. According to the latest QYResearch report, the market is projected to reach USD 63.6 billion by 2031, up from USD 8.7 billion in 2024, with a compound annual growth rate of 32.8% from 2025 to 2031. This booming market reflects the convergence of three strategic benefits: renewable energy production, aquaculture enhancement, and ecological conservation.

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Company List
Tongwei
Linyang
Clenergy
Jinko Power
Concord New Energy (CNE)
CHN Energy
HD Renewable Energy
LONGi
New Green Power
GCL New Energy
Xiamen C&D Emerging Energy
Mibet New Energy
Jiangsu Guoqiang Group
VG Solar
MOREDAY
Lightsource bp
SRNE SOLAR
Sunny Rich Group

Five leading company product profiles
1. Tongwei - Taishan Modern Fishery Park Solar Farm
• Location: Wencun Town, Taishan City, Guangdong Province, China
• Installed Capacity: 100 MWp (Phases 2 & 3; Phase 1 was 25 MWp)
• Project Type: Flexible-support "fishery + PV integration" system built over aquaculture ponds
• Technology: Uses Tongwei's patented flexible bracket system designed to withstand typhoon-scale winds (up to Level 13), with high vibration resistance and long-term durability
• Operational Status: Phase 1 commissioned in 2017; Phases 2 & 3 completed and operational by 2022
2. Jinko Power - Poyang 123.235 MW Fishery-Solar Hybrid Project
• Location: Poyang County, Jiangxi Province, China
• Installed Capacity: 123.235 MW
• Key Feature: Integrated into local reservoirs, combining aquaculture with renewable power
• Social Impact: Supports rural development by generating income for low-income households-over RMB 3,000 annually per family through leasing and employment
• Project Focus: Dual-purpose land use combining clean energy production and poverty alleviation
3. LONGi - Huaneng Qinggang 130 MW Tidal-Flat Fishery-PV Project
• Location: Yuhuan, Taizhou City, Zhejiang Province, China
• Installed Capacity: 130 MW
• Annual Energy Output: Approximately 150 million kWh
• Technology: Equipped with bifacial Hi-MO 5 modules featuring "intelligent welding" technology and enhanced low-light performance
• Land Use Type: Built over tidal flats, enabling efficient marine land use without disrupting local ecosystems
4. Clenergy - PV-ezRack for Fishery Hybrid Installations
• Product Type: Ground-mount racking systems designed for large-scale fishery-solar hybrid installations
• Typical Project Capacity: Supports modular installations from 1.9 MW up to 100 MW
• Core Strengths: Engineered for quick deployment, long-term corrosion resistance in humid or aquatic environments, and compatibility with multiple panel types
• Application: Used widely in Southeast Asia and China in floating or pile-mounted solar fishery projects
5. Lightsource bp - Project Budai Fishery Solar Farm
• Location: Budai and Yizhu Townships, Chiayi County, Taiwan, China
• Installed Capacity: 115 MWp
• Annual Output: Expected to generate 180,000 MWh, powering approximately 41,000 households
• CO2 Reduction: Estimated to reduce emissions by 115,000 tons per year
• Project Scope: Built across ~150 hectares of aquaculture land; integrates solar generation with fish and shrimp farming
• Development Status: Construction began in June 2025; expected to be operational in 2026

Application Segmentation
• Freshwater Aquaculture Waters
• Seawater Aquaculture Waters
• Artificially Transformed Waters

Type Segmentation
• Pile Foundation Fixed
• Floating

2025 Industry Trends and Key Developments
A New Wave of Integration: "One Water, Two Uses"
Fishery-PV projects integrate solar photovoltaic systems with aquaculture operations by installing solar arrays above bodies of water used for fish farming. The development model-"power generation on the water, aquaculture underwater"-has proven highly effective in optimizing land use and promoting sustainable development. PV panels convert sunlight into electricity, while the shaded aquatic environment underneath supports fish, shrimp, and other aquatic organisms by lowering water temperature, reducing algae growth, and minimizing evaporation.

This dual-use approach is gaining significant momentum, especially in East Asia, Southeast Asia, and parts of Europe, where policy and funding mechanisms support decarbonization and land-use efficiency. The Asia-Pacific region, led by China and Japan, is set to contribute the majority of market growth in the coming years.

Landmark Projects Mark a Turning Point
In early 2025, Lightsource bp announced a major breakthrough with Project Budai, a 115 MWp fishery-solar hybrid facility in Chiayi County, Taiwan, China. Backed by TWD 6 billion (approximately USD 200 million) in financing, this flagship project began construction in June 2025 and is slated for completion in 2026. Once operational, it will generate 180 GWh of electricity annually, enough to power 41,000 homes and reduce CO2 emissions by 115,000 tons per year. This marks Lightsource bp's first such hybrid project globally and signals its intent to compete in this rapidly evolving space.

Meanwhile, DMEGC Solar completed a 940 MW fishery-PV project in Jiangsu, China, in late 2024, using over 1.9 million of its humidity-resistant n-type modules. The deployment adopted flexible supports designed specifically to reduce environmental impact on aquatic ecosystems while maximizing clean energy output.

These projects exemplify how companies are leveraging advanced module technology and intelligent system design to overcome traditional barriers-such as humidity corrosion, water maintenance interference, and structural complexity.

Market Competition Intensifies
Leading firms such as Tongwei, Clenergy, Jinko Power, LONGi, and New Green Power are aggressively expanding their hybrid portfolios. In 2024, Tongwei dominated global sales and is expected to continue its lead in 2025 through its investments in vertically integrated production and regionally tailored deployment strategies.

The competitive landscape is further evolving through mergers, acquisitions, and partnerships. Companies are actively seeking strategic collaborations to scale faster, navigate regulatory hurdles, and localize projects more effectively.

Strong Growth in Application and Technology Segments
According to the QY Research report, the "Pile Foundation Fixed" type remains dominant, especially in inland aquaculture zones, due to its structural reliability and cost-efficiency. However, the "Floating" segment is gaining traction, especially in deep-water and coastal applications, due to its scalability and reduced installation impact.

On the application side, Freshwater Aquaculture Waters lead the market and will continue to dominate revenue share through 2031. However, there is emerging interest in Artificially Transformed Waters, such as reclaimed mines, salt pans, and reservoirs, as governments explore innovative land-use solutions.
Regional Outlook: Asia-Pacific and Beyond

The Asia-Pacific region is set to be the largest and fastest-growing market between 2025 and 2031. China remains the epicenter of deployment, with major incentives driving investment. Japan, South Korea, and Southeast Asia are also witnessing strong momentum.

In Europe, countries like Germany are experimenting with fishery-PV projects as part of broader sustainability targets, especially in coastal and inland lake zones. The Middle East and Africa are emerging players, with interest in integrating these systems into water-scarce regions for dual benefits of food and energy security.

A Green and Profitable Future
From an investment perspective, fishery-PV projects offer high return-on-investment (ROI) potential, especially when paired with carbon credit mechanisms and renewable energy subsidies. The economic benefits come not only from selling electricity but also from maintaining or even enhancing aquaculture output.

The market's ecological value cannot be understated. By reducing water temperature, suppressing algae, and limiting evaporation, these hybrid systems promote biodiversity and ensure more stable aquatic ecosystems.

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Strategic Takeaways for 2025 and Beyond
• Infrastructure innovation, especially in corrosion-resistant materials and adaptive floating technologies, will be key to long-term performance.
• Policy frameworks that align with dual-use land strategies will further accelerate market penetration.
• Companies that integrate AI-driven monitoring systems for fish and energy production will likely hold a technological edge in the next growth cycle.
• Diversified funding, including green bonds and institutional backing, will enable scalable rollouts in emerging markets.
As we progress into 2025, the Fishery Solar Photovoltaic Project sector represents not only a solution to the energy-food-land trilemma but also a highly investable segment that aligns sustainability with profitability.

Chapter Outline:

Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by region, product type, application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: key insights, key emerging trends, etc.
Chapter 3: Manufacturers competitive analysis, detailed analysis of the product manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 5 & 6: Sales, revenue of the product in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and market size of each country in the world.
Chapter 7: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 8: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 9: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 10: The main points and conclusions of the report.

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