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☆ Why superyacht builders are investing in solar
  + stars: | 2023-10-06 | by ( Sydney Boyo | ) www.cnbc.com   time to read: +5 min
Early tech adopters are investing in a new toy: solar-powered electric yachts. "I believe electric yachts and electric motors will be the main propulsion of pleasure yachts and even cargo vessels in the near future." The company says it has an order book of 160 million euros ($168 million), with prices ranging from 3.2 million euros for its 60-foot yacht to 30 million euros for the fully equipped version of its 120-foot vessel. "The smallest boat is around 1.5 million euros and on the upper range there really is no limit. "We think there is a sweet spot for solar electric boats between 50 and 120 feet," said Kress.
Persons: Mike Horn, Michael Köhler, it's, Heiki, Stephan Kress, Sunreef, Rafael Nadal, Fernando Alonso, Nicola Lapp, Kress Organizations: SuperYacht Times, of Yachting, ForSea Ferries, Allied Market Research, Silent Yachts, Yachts, Formula Locations: SuperYacht Times ', North America, Sweden, Austria, Italy, Turkey, Gdansk, Poland, Emirate, Ras Al Khaimah, Sunreef
☆ Can superyachts go electric?
  + stars: | 2023-10-06 | by ( Sydney Boyo | Shawn Baldwin | Christina Locopo | ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCan superyachts go electric? Solar-powered electric yachts have hit the superyacht market. Silent Yachts and Sunreef Yachts are two companies working on developing this technology. Allied Market Research predicts the solar boat industry will grow 14% by 2031 to $2.4 billion. CNBC headed to the Cannes Yachting Festival to get an inside look at the companies building solar-powered electric yachts, and to explore the challenges the technology faces in playing a wider role in the future of maritime transportation.
Organizations: Silent Yachts, Sunreef Yachts, Allied Market Research, CNBC, Cannes Yachting Festival
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