# UK Floating Solar Panels Market

> UK Floating Solar Panels Market Research Report By Product (Stationary Floating Solar Panels, Tracking Floating Solar Panels) and By Location (Onshore, Offshore)-Forecast to 2035

- **Forecast Period:** 2025 - 2035
- **CAGR:** 9.76%
- **2024:** $ 55.8 Million
- **2025:** $ 61.25 Million
- **2035:** $ 155.34 Million
- **Key Players:** Trina Solar (CN), Ciel & Terre (FR), Sungrow Power Supply (CN), JA Solar Technology (CN), First Solar (US), Canadian Solar (CA), LONGi Green Energy (CN), Enel Green Power (IT), Solarpack (ES)

**Report ID:** MRFR/EnP/53703-HCR · **Pages:** 200 · **Author:** Chitranshi Jaiswal · **Last Updated:** July 23, 2026

**URL:** https://www.marketresearchfuture.com/reports/uk-floating-solar-panels-market-55468

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## Market Summary

## **UK Floating Solar Panels Market Overview**

As per MRFR analysis, the UK Floating Solar Panels Market Size was estimated at 50.38 (USD Million) in 2023.The UK Floating Solar Panels Market is expected to grow from 63(USD Million) in 2024 to 864 (USD Million) by 2035. The UK Floating Solar Panels Market CAGR (growth rate) is expected to be around 26.876% during the forecast period (2025 - 2035).

**Key UK Floating Solar Panels Market Trends Highlighted**

The market for floating solar panels in the UK is expanding significantly due to the strong push for renewable energy sources. A major factor in this trend is the government's dedication to cutting carbon emissions and raising the proportion of renewable energy sources in the energy mix. Reservoirs and other large bodies of water in the UK make the perfect location for floating solar arrays.

By making advantage of underutilized areas, evaporation from water bodies is decreased and land usage is maximized. Additionally, as floating solar panel technology develops, it offers increased efficiency and reduced maintenance costs, which encourages adoption even more.

There are several opportunities in the UK market, particularly as private companies and municipal bodies look to diversify their energy sources. An approach to achieving sustainability goals and enhancing energy accessibility in isolated locations is to install floating solar on lakes and irrigation systems.

Combining floating solar technology with energy storage options offers a compelling chance to balance supply and demand and increase the dependability of renewable energy.

In an effort to scale up floating solar projects, technological innovators and utility firms have been working together more recently. Stakeholders can now invest in floating solar more easily thanks to initiatives centered on creative financing structures.

Pilot projects that demonstrate the feasibility and advantages of floating solar technology have started to spring up all around the United Kingdom. The floating solar market is positioned to draw attention as a solution that fits in nicely with the UK's sustainability objectives as the country changes its energy framework.

In light of the UK's goal of achieving net-zero emissions by 2050, this kind of green economy promotion is essential, which makes floating solar an alluring investment option.

Source: Primary Research, Secondary Research, _Market Research Future_ Database and Analyst Review

**UK Floating Solar Panels Market Drivers**

**Government Initiatives and Renewable Energy Policies**

The UK Government has been actively promoting renewable energy sources, aligning with its commitment to reduce carbon emissions by 68% by 2030 under the Climate Change Act. Initiatives such as the Renewable Energy Guarantees of Origin (REGO) scheme support renewable projects, including floating solar farms.

The Carbon Trust has reported that renewable energy accounted for approximately 43% of the UK’s electricity generation in 2020, reflecting a growing shift towards sustainable energy.

This strong legislative backing is expected to fuel the UK Floating Solar Panels Market significantly, as these investments lead to innovation and technological advancements in floating solar technology, thereby driving market growth.

**Space Optimization on Water Bodies**

The UK possesses numerous water bodies, including reservoirs and lakes, often underutilized for energy production. With increasing land constraints, flagship projects such as the UK's first floating solar farm in Queen Elizabeth II Reservoir demonstrate the feasibility and effectiveness of utilizing aquatic spaces for solar energy production.

This initiative can maximize energy generation without occupying additional land space, thus supporting the projection that floating solar installations can reach an installed capacity of over 2 GW by 2035, according to the UK Solar Trade Association. As awareness of this technology grows, it is projected that more floating solar solutions will be explored, propelling the UK Floating Solar Panels Market.

**Advancements in Technology and Cost Reduction**

Recent advancements in photovoltaic technology have led to a significant reduction in the cost of solar panels and floating structures. The UK Floating Solar Panels Market is benefitting from technological innovations that enhance the efficiency of solar modules, while also reducing installation and maintenance costs.

The International Renewable Energy Agency highlights that the cost of solar photovoltaic power has dropped by 82% since 2010, making it one of the most cost-effective renewable energy sources today. This downward trend in costs is encouraging larger developments in floating solar projects, prompting investments from major firms in the UK, thereby fostering market growth.

**Rising Demand for Sustainable Energy Solutions**

As the UK population increasingly prioritizes sustainability, there is a growing consumer demand for cleaner energy sources. The Office for National Statistics reports that 78% of adults in the UK are concerned about climate change and support the transition to renewable energy. This societal shift fuels the UK's commitment to renewable projects, including floating solar technology.

Companies like E.On UK and Lightsource bp are making substantial investments in floating solar projects, which not only respond to consumer demand but also align with the UK's decarbonization goals. Thus, the heightened desire for sustainable energy solutions is a pivotal driver for the UK Floating Solar Panels Market.

**UK Floating Solar Panels Market Segment Insights**

**Floating Solar Panels Market Product Insights**

The UK Floating Solar Panels Market is experiencing notable growth, driven by an increasing shift toward renewable energy sources and sustainability initiatives. The Product segment of the market is primarily characterized by two significant categories: Stationary Floating Solar Panels and Tracking Floating Solar Panels.

Stationary Floating Solar Panels, which remain fixed in location, offer a reliable solution for harnessing solar energy, benefiting from reduced water evaporation and algae growth on reservoirs. This type of panel often serves in locations where landscape use is limited, effectively utilizing water bodies without occupying valuable land space.

Meanwhile, Tracking Floating Solar Panels provide an advanced approach by pivoting throughout the day to follow the sun's trajectory, thus maximizing energy absorption. This technology enhances efficiency and is gaining momentum due to its potential to generate more electricity compared to stationary options.

The growing interest from the UK government in innovative solar technologies, alongside policies promoting renewable energy, presents a favorable environment for these Product segments. With an increasing focus on energy independence and carbon neutrality, stakeholders are eager to invest in solutions that align with the governmental goals of reducing greenhouse gas emissions.

As the UK pushes towards decarbonization, the demand for floating solar solutions is expected to surge, supported by technological advancements and favorable economic conditions. However, challenges such as installation costs and regulatory hurdles could impact the adoption rate of these technologies.

Nevertheless, the emphasis on enhancing energy efficiency and sustainability positions both Stationary and Tracking Floating Solar Panels as critical contributors to the evolution of the UK Floating Solar Panels Market, ensuring that the market remains dynamic and innovative in addressing future energy needs.

Source: Primary Research, Secondary Research, _Market Research Future_ Database and Analyst Review

**Floating Solar Panels Market Location Insights**

The UK Floating Solar Panels Market focuses on key locations for solar energy deployment, particularly emphasizing Onshore and Offshore implementations. The Onshore segment is gaining traction due to the increasing availability of land and the growing demand for sustainable energy solutions.

This segment allows for integration into agricultural areas and water bodies, optimizing land usage while producing renewable energy. Conversely, the Offshore segment is emerging as a significant contributor due to the UK's extensive marine resources and favorable policy support for renewable energy initiatives.

Offshore floating solar panels can harness solar energy without occupying valuable land and can coexist with maritime activities, thus offering a unique advantage. The dynamics between these two locations reflect broader trends in renewable energy development, with advancements in technology and decreasing installation costs driving adoption.

Each location type plays a crucial role in addressing the UK's renewable energy targets, with potential for further market growth, bolstered by supportive government regulations and increasing public awareness about sustainable practices. The diversification in location strategies presents opportunities for innovation and growth in the UK Floating Solar Panels Market.

**UK Floating Solar Panels Market Key Players and Competitive Insights**

The UK Floating Solar Panels Market has gained substantial attention in recent years, driven by the need for sustainable energy solutions and the efficient utilization of water bodies for solar energy generation. This segment of the renewable energy market is characterized by innovative technology that allows solar arrays to be installed on bodies of water, reducing land use while providing significant energy output.

The competitive landscape in the UK features several key players primarily focusing on enhancing product efficiency, advancing technology, and expanding their market reach. Companies are increasingly collaborating with local governments and organizations to maximize the effectiveness of floating solar installations, improving energy management and contributing to the UK's renewable energy targets.

First Solar stands as a formidable player in the UK Floating Solar Panels Market, recognized for its expertise in manufacturing thin-film photovoltaic modules and providing clean energy solutions. The company has established a strong market presence due to its commitment to efficiency and sustainability, particularly with its state-of-the-art technology tailored to floating solar applications.

First Solar’s strengths lie in its robust supply chain management, innovative research and development initiatives, and a focus on environmentally friendly practices.

In the UK context, First Solar's ability to adapt its products to the floating solar sector ensures scalability and efficiency, establishing it as a trusted provider among renewable energy developers, municipalities, and investors who are increasingly prioritizing sustainability in energy generation.

Lightsource bp has emerged as a significant force in the UK Floating Solar Panels Market, showcasing its capabilities through a diverse portfolio of renewable energy projects. The company specializes in developing, financing, and operating solar energy projects, including advanced floating solar solutions that enhance land utilization by leveraging water bodies for energy generation.

Lightsource bp has cultivated a strong market presence in the UK, supported by its innovative approach and strategic partnerships aimed at enhancing sustainability. The company's strengths are reflected in its commitment to reducing carbon footprints and expanding renewable energy access across the region.

Through various mergers and acquisitions, Lightsource bp seeks to strengthen its position and enhance its capabilities in solar technology, demonstrating an ongoing investment in the UK floating solar sector.

Key offerings include advanced solar technology and integrated energy solutions that cater to both commercial and public sector clients, reinforcing its status as a leader in the evolving renewable energy landscape of the UK.

**Key Companies in the UK Floating Solar Panels Market Include**

- First Solar
- Lightsource bp
- Solarpack
- Canadian Solar
- Duke Energy
- SunPower
- Trina Solar
- JinkoSolar
- Sungrow Power Supply
- Floatility
- Solarcentury
- Actis
- Ciel & Terre
- Ecovision
- Bluefield Solar

**UK Floating Solar Panels****Market****Developments**

In recent developments within the UK Floating Solar Panels Market, there has been increasing interest and investment from major companies such as First Solar, Canadian Solar, and JinkoSolar. The growth of this segment has been fueled by the UK's commitment to renewable energy and sustainable practices, driving significant momentum in floating solar technology.

Notably, Lightsource bp secured contracts in July 2023 to expand its floating solar capacity, reflecting a shift towards innovative energy solutions. In terms of mergers and acquisitions, Solarpack completed the acquisition of a UK-based solar farm portfolio in August 2023, enhancing its footprint in the region.

The market is experiencing substantial growth, with valuations and investments in floating solar technologies projected to escalate as more companies, including Trina Solar and Duke Energy, explore opportunities in this segment.

Major events over the past few years include the launch of government initiatives in January 2023 aimed at promoting green energy and an increase in floating solar projects across water bodies, signaling a potential uptick in market demand and innovation. As a result, investments and collaborations among key players are expected to rise, further advancing the UK's position in the global floating solar market.

**UK Floating Solar Panels Market Segmentation Insights**

**Floating Solar Panels Market Product****Outlook**

- Stationary Floating Solar Panels
- Tracking Floating Solar Panels

**Floating Solar Panels Market Location****Outlook**

- Onshore
- Offshore

## Market Drivers

### Cost-Effectiveness

The floating solar-panels market is increasingly recognized for its cost-effectiveness, which is becoming a pivotal driver for adoption in the UK. The initial investment in floating solar technology has been decreasing due to advancements in manufacturing processes and economies of scale. Furthermore, the operational costs associated with floating solar systems are often lower than traditional ground-mounted solar panels, as they benefit from reduced maintenance needs and increased efficiency due to cooling effects from water. In 2025, the levelized cost of electricity (LCOE) for floating solar is projected to be competitive with other renewable sources, making it an attractive option for energy developers. This financial viability is likely to encourage more stakeholders to invest in the floating solar-panels market.

### Regulatory Support

The floating solar-panels market is significantly influenced by regulatory support from the UK government, which is actively promoting renewable energy initiatives. Policies aimed at reducing carbon emissions and enhancing energy security are creating a conducive environment for floating solar projects. The UK government has introduced various schemes, including feed-in tariffs and renewable obligation certificates, which incentivize the development of renewable energy sources. As of 2025, the government aims to increase the share of renewables in the energy mix to 70% by 2030, which includes a focus on innovative technologies like floating solar. This regulatory framework is likely to bolster investor confidence and stimulate growth in the floating solar-panels market.

### Space Optimization

The floating solar-panels market benefits from the unique advantage of space optimization, particularly in densely populated regions of the UK. With land scarcity becoming a pressing issue, utilizing water surfaces for solar energy generation presents an innovative solution. Floating solar installations can be deployed on reservoirs, lakes, and other water bodies, thus avoiding competition for land use with agriculture or urban development. This approach not only maximizes energy production but also minimizes ecological disruption. As of 2025, the UK has seen a notable increase in floating solar projects, with over 100 MW of capacity installed, showcasing the potential for further expansion. The ability to harness solar energy without compromising land resources is likely to drive growth in the floating solar-panels market.

### Rising Energy Demand

The floating solar-panels market is experiencing a surge in demand driven by the increasing need for renewable energy sources in the UK. As energy consumption rises, particularly in urban areas, the pressure on traditional energy systems intensifies. Floating solar panels offer a viable solution by utilizing water bodies, thereby conserving land space while generating clean energy. The UK government has set ambitious targets to achieve net-zero emissions by 2050, which further propels the adoption of renewable technologies. In 2023, renewable energy accounted for approximately 43% of the UK's electricity generation, indicating a strong shift towards sustainable energy solutions. This trend is likely to continue, positioning the floating solar-panels market as a critical player in meeting future energy needs.

### Environmental Sustainability

The floating solar-panels market aligns closely with the growing emphasis on environmental sustainability in the UK. As climate change concerns escalate, there is a heightened awareness of the need for clean energy solutions that minimize ecological impact. Floating solar panels not only generate renewable energy but also help in reducing water evaporation from reservoirs, thus conserving water resources. Additionally, these installations can improve water quality by providing shade, which inhibits algae growth. In 2025, the UK is expected to see an increase in projects that prioritize environmental benefits, further driving the floating solar-panels market. The dual advantage of energy generation and environmental protection positions floating solar as a key player in the transition towards a sustainable future.

## Future Outlook

The [Floating Solar Panels Market](https://www.marketresearchfuture.com/reports/floating-solar-panels-market-6564) is projected to grow at a 9.76% CAGR from 2025 to 2035, driven by technological advancements, increasing energy demands, and sustainability initiatives.

**New opportunities:**

- Development of integrated energy storage solutions for floating solar systems.
- Partnerships with water utilities for large-scale installations on reservoirs.
- Innovative financing models for community-based floating solar projects.

By 2035, the market is expected to achieve substantial growth, positioning itself as a key player in renewable energy.

## Segment Insights

### By Product: Stationary Floating Solar Panels (Largest) vs. Tracking Floating Solar Panels (Fastest-Growing)

In the UK floating solar-panels market, the distribution of market share between Stationary and Tracking Floating Solar Panels is quite pronounced. Stationary Floating Solar Panels hold a significant portion of the market due to their established technology and reliability. On the other hand, Tracking Floating Solar Panels are rapidly gaining traction, leveraging advanced technologies to optimize solar energy capture, thus appealing to innovative solar project developers.

The growth trends indicate a strong preference shift towards Tracking Floating Solar Panels, projected as the fastest-growing segment in the coming years. This surge is driven by the increasing demand for efficiency in solar energy production, combined with technological advancements. As solar technology evolves, more projects are incorporating tracking systems to boost energy output and overall project viability, aligning with sustainability goals in energy production.

Product: Stationary (Dominant) vs. Tracking (Emerging)

Stationary Floating Solar Panels have emerged as the dominant player in the UK floating solar-panels market, characterized by their ease of installation and maintenance, paired with robustness and lower costs over time. They serve as the backbone of many solar projects, especially in locations with stable sunlight. In contrast, Tracking Floating Solar Panels are positioned as an emerging choice, designed to enhance energy capture by following the sun's trajectory. This adaptability allows them to significantly increase energy output, thus appealing to forward-thinking developers looking to maximize returns on investment in renewable energy projects.

### By Location: Onshore (Largest) vs. Offshore (Fastest-Growing)

The market share distribution in the UK floating solar-panels market reveals a significant dominance of the onshore segment, which has established itself as a leader due to favorable land conditions and installation cost advantages. Meanwhile, the offshore segment, while smaller in share, is swiftly gaining traction as technological advancements improve performance and lower costs. This dynamic creates a scenario where onshore installations continue to attract the bulk of investments, but offshore projects are emerging as a compelling alternative due to their potential for higher energy yields and scalability.

Growth trends in the UK floating solar-panels market show a notable rise in offshore installations, which are characterized by higher efficiency rates and the ability to harness untapped marine resources. Factors driving this shift include government incentives, a growing emphasis on renewable energy sources, and increasing awareness of environmental sustainability. The offshore segment's rapid growth is also fueled by innovative technologies that enhance the feasibility and reliability of floating solar systems in marine settings, positioning it as a vital component of the UK’s energy transition strategy.

Location: Onshore (Dominant) vs. Offshore (Emerging)

The onshore segment is currently the dominant force in the UK floating solar-panels market, characterized by established technologies, lower installation costs, and easier access to maintenance. This segment benefits from vast available land areas suitable for deployment and has a well-developed infrastructure that supports its growth. Conversely, the offshore segment represents an emerging player with significant potential for exponential growth. Its unique advantages include higher energy generation capabilities and minimal land use conflicts, as installations are placed on bodies of water. With increasing investment and technological improvements, offshore floating solar systems are poised to become a mainstream solution, thus complementing existing onshore projects and contributing to the overall diversification of renewable energy sources in the UK.

## Competitive Benchmarking

The floating solar-panels market is currently characterized by a dynamic competitive landscape, driven by increasing demand for renewable energy solutions and the need for innovative technologies. Key players such as Trina Solar (CN), Ciel & Terre (FR), and Sungrow Power Supply (CN) are actively shaping the market through strategic initiatives. Trina Solar (CN) focuses on enhancing its product offerings with advanced photovoltaic technologies, while Ciel & Terre (FR) emphasizes its expertise in floating solar solutions, positioning itself as a leader in this niche. Sungrow Power Supply (CN) is leveraging its strong R&D capabilities to develop efficient inverter technologies tailored for floating solar applications. Collectively, these strategies contribute to a competitive environment that prioritizes innovation and technological advancement.
In terms of business tactics, companies are increasingly localizing manufacturing to reduce costs and enhance supply chain efficiency. The market appears moderately fragmented, with several players vying for market share. This fragmentation allows for diverse approaches to market entry and expansion, as companies seek to capitalize on regional opportunities. The collective influence of key players is significant, as they drive technological advancements and set industry standards.
In October 2025, Trina Solar (CN) announced a partnership with a leading UK utility company to deploy a large-scale floating solar project on a reservoir, which is expected to generate approximately 50 MW of clean energy. This strategic move not only enhances Trina Solar's market presence in the UK but also aligns with the growing trend of utilizing water bodies for renewable energy generation. The collaboration underscores the importance of partnerships in expanding operational capabilities and market reach.
In September 2025, Ciel & Terre (FR) launched a new floating solar platform designed for high-wind environments, showcasing its commitment to innovation and adaptability. This development is particularly relevant as it addresses the challenges posed by extreme weather conditions, potentially opening new markets for floating solar installations. The introduction of this technology may enhance Ciel & Terre's competitive edge by catering to diverse geographical needs.
In August 2025, Sungrow Power Supply (CN) secured a contract to supply inverters for a 100 MW floating solar project in the UK, marking a significant expansion of its operational footprint. This contract not only reinforces Sungrow's position as a key player in the floating solar sector but also highlights the growing demand for reliable inverter solutions in large-scale projects. Such strategic contracts are crucial for sustaining growth and enhancing market visibility.
As of November 2025, the competitive trends in the floating solar-panels market are increasingly defined by digitalization, sustainability, and the integration of AI technologies. Strategic alliances are becoming more prevalent, as companies recognize the value of collaboration in driving innovation and expanding market reach. Looking ahead, competitive differentiation is likely to evolve from traditional price-based competition to a focus on technological innovation, supply chain reliability, and sustainable practices. This shift may redefine the competitive landscape, encouraging companies to invest in R&D and strategic partnerships to maintain their market positions.

## Recent News & Developments

In recent developments within the UK Floating Solar Panels Market, there has been increasing interest and investment from major companies such as First Solar, Canadian Solar, and JinkoSolar. The growth of this segment has been fueled by the UK's commitment to renewable energy and sustainable practices, driving significant momentum in floating solar technology.

Notably, Lightsource bp secured contracts in July 2023 to expand its floating solar capacity, reflecting a shift towards innovative energy solutions. In terms of mergers and acquisitions, Solarpack completed the acquisition of a UK-based solar farm portfolio in August 2023, enhancing its footprint in the region.

The market is experiencing substantial growth, with valuations and investments in floating solar technologies projected to escalate as more companies, including Trina Solar and Duke Energy, explore opportunities in this segment.

Major events over the past few years include the launch of government initiatives in January 2023 aimed at promoting green energy and an increase in floating solar projects across water bodies, signaling a potential uptick in market demand and innovation. As a result, investments and collaborations among key players are expected to rise, further advancing the UK's position in the global floating solar market.

## Report Scope

| MARKET SIZE 2024 | 55.8(USD Million) |
| --- | --- |
| MARKET SIZE 2025 | 61.25(USD Million) |
| MARKET SIZE 2035 | 155.34(USD Million) |
| COMPOUND ANNUAL GROWTH RATE (CAGR) | 9.76% (2025 - 2035) |
| REPORT COVERAGE | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| BASE YEAR | 2024 |
| Market Forecast Period | 2025 - 2035 |
| Historical Data | 2019 - 2024 |
| Market Forecast Units | USD Million |
| Key Companies Profiled | Trina Solar (CN), Ciel & Terre (FR), Sungrow Power Supply (CN), JA Solar Technology (CN), First Solar (US), Canadian Solar (CA), LONGi Green Energy (CN), Enel Green Power (IT), Solarpack (ES) |
| Segments Covered | Product, Location |
| Key Market Opportunities | Growing demand for renewable energy solutions drives innovation in the floating solar-panels market. |
| Key Market Dynamics | Rising demand for renewable energy drives innovation and competition in the floating solar-panels market. |
| Countries Covered | UK |

## Frequently Asked Questions

**Q: What was the market valuation of the UK floating solar-panels market in 2024?**
A: The market valuation was $55.8 Million in 2024.

**Q: What is the projected market valuation for the UK floating solar-panels market by 2035?**
A: The projected valuation for 2035 is $155.34 Million.

**Q: What is the expected CAGR for the UK floating solar-panels market during the forecast period 2025 - 2035?**
A: The expected CAGR is 9.76% during the forecast period 2025 - 2035.

**Q: Which companies are considered key players in the UK floating solar-panels market?**
A: Key players include Trina Solar, Ciel & Terre, Sungrow Power Supply, JA Solar Technology, First Solar, Canadian Solar, LONGi Green Energy, Enel Green Power, and Solarpack.

**Q: What are the two main product segments in the UK floating solar-panels market?**
A: The two main product segments are Stationary Floating Solar Panels and Tracking Floating Solar Panels.

**Q: What were the valuations for Stationary and Tracking Floating Solar Panels in 2024?**
A: In 2024, Stationary Floating Solar Panels were valued at $30.0 Million, while Tracking Floating Solar Panels were valued at $25.8 Million.

**Q: How do the onshore and offshore segments compare in terms of valuation?**
A: In 2024, the Onshore segment was valued at $30.0 Million, whereas the Offshore segment was valued at $25.8 Million.

**Q: What is the potential growth outlook for the UK floating solar-panels market?**
A: The market appears to have a robust growth outlook, with a projected valuation increase to $155.34 Million by 2035.

**Q: What factors might influence the growth of the UK floating solar-panels market?**
A: Factors influencing growth may include technological advancements, regulatory support, and increasing demand for renewable energy.

**Q: How does the UK floating solar-panels market fit into the broader renewable energy landscape?**
A: The UK floating solar-panels market is likely to play a crucial role in enhancing renewable energy capacity, contributing to sustainability goals.


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