The purpose of this paper is to prove as possible the improvement of the efficiency of a photovoltaic power plant, if it could be installed on top of a water canal, and how this facility could at the same time improve the efficiency of the water canal. The Tajo-Segura water transfer located in Spain has been chosen as the scenario for this research paper. The use of a water canal for this type of photovoltaic facility involves several problems. For example, it is very important that under no circumstance should any change on the canal structure affect the main end-use purpose of the hydraulic infrastructure (to channel water). Moreover, these facilities are strongly linear structures, so there is a problem connecting the electricity to the network. Nevertheless, these problems could be solved or minimized by applying different technical solutions, and if optimal synergies between infrastructures were obtained. It should be taken into account that the water facilities, which are already on service, save a significant quantity of water, and that these savings are achieved while avoiding the evaporation produced by direct solar radiation. The facility in this study can increase its efficiency, thanks not only to the optimal positioning to avoid the shadow between panels but also because panels can be cooled with the water that the canal contains. Focusing on these improvements, different types of technology implementation have been studied, concluding that the best option is the fixed system technology. A special methodology to geometrically place the photovoltaic panels has been developed. A proposal for novel cooling is also included in this work. The results of this study show that the project could be developed with an investment of 248 M(sic). Through the power generation and the savings in canal water resources, the investment could be repaid in approximately 15 years. The contribution of this work is the demonstration of the technical and economic interest of the optimal configuration analyzed. (C) 2016 Elsevier Ltd. All rights reserved.