This document discusses floating photovoltaic (FPV) systems, which install solar panels on bodies of water. FPV has several advantages over land-based photovoltaic systems, including avoiding land use, reducing water evaporation from the body of water, and utilizing the natural cooling from the water to increase solar panel efficiency. The document reviews literature on FPV systems and their thermal and electrical performance. Studies have found that FPV can have up to 13% higher energy production than similar land-based systems due to lower operating temperatures maintained by the cooling water. The document also discusses factors that influence the thermal performance of FPV and their impacts.