Deals Counterparts

Canopy Power, Ocean Sun, and Candela partner to electrify hydrofoil ferries with floating solar microgrids in Asia-Pacific

Partnership Hybrid announced APAC Mar 12, 2026
development
Stage

Singaporean energy engineering company Canopy Power, Norwegian floating solar technology company Ocean Sun, and Swedish hydrofoil ferry specialist Candela have formed a partnership to establish floating solar microgrids in remote Asia-Pacific locations. This collaboration aims to charge high-tech electric hydrofoil ferries and reduce diesel fuel dependence for island communities, with Candela and Canopy Power signing an MoU to deliver a solution that addresses the hospitality industry's reliance on imported fossil fuels. The initiative combines Candela’s P-12 electric ferry with Canopy Power’s microgrid solution, featuring floating solar and battery storage technologies, utilizing Ocean Sun's patented solar modules mounted on hydro-elastic membranes.

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Deal Analysis

Candela's P-12 electric hydrofoil ferries are set to ditch diesel in remote Asia-Pacific, powered by a new partnership focused on floating solar microgrids. Singapore's Canopy Power will deploy its microgrid solutions, integrating battery storage with Ocean Sun's patented floating solar modules, to create self-sufficient charging hubs. This collaboration, formalized by an MoU between Candela and Canopy Power, directly targets the hospitality sector's reliance on imported fossil fuels, offering a cleaner, localized energy alternative for island operations.
  • Candela’s P-12 electric hydrofoil ferry at the core.
  • Ocean Sun’s patented solar modules on hydro-elastic membranes.
  • Targets remote Asia-Pacific island communities and hospitality.
  • MoU signed between Candela and Canopy Power.

Source Intelligence

KEY DETAILS

Candela and Canopy Power have signed a memorandum of understanding (MoU) to deliver a solution that breaks the hospitality industry’s reliance on imported fossil fuels.

Location
remote Asia-Pacific locations
Announcement
March 12, 2026
Signing
Candela and Canopy Power have signed a memorandum of understanding (MoU)
PARTIES MENTIONED IN SOURCE
C
Canopy Power developer

"Singaporean energy engineering company Canopy Power is collaborating with Norwegian floating solar technology company Ocean Sun and Swedish hydrofoil ferry specialist Candela"

O
Ocean Sun developer

"Norwegian floating solar technology company Ocean Sun and Swedish hydrofoil ferry specialist Candela"

C
Candela developer

"Swedish hydrofoil ferry specialist Candela"

medium quality Enriched Mar 12, 2026

Timeline

Announced
Mar 12, 2026
Signed
Closed

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