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Develop, construct, and operate grid-connected utility-scale floating photovoltaics (FPV) systems in a lagoon or offshore areas as an Independent Power Producer (IPP) with Public Utilities Corporation (PUC) as the off-taker and liaising with the Marine Spatial Planning. Acting as an IPP, firms might be active in the whole value chain, which includes pre-feasibility, site selection and development, financing, and operation. Pricing should be below the marginal cost of electricity production in Seychelles, which is approximately the cost of fuel oil.
Increase renewable energy share in the national grid to improve secure access to energy, reduce electricity costs and price volatility from imported fuel, and save land space and forested areas.