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NHPC Signs MoU with Ocean Sun for Floating Solar Technology Demonstration

NHPC Signs MoU with Ocean Sun

NHPC Limited, India’s premier hydropower development organization, has entered into a Memorandum of Understanding (MoU) with Ocean Sun, a leading Norwegian floating solar technology provider. The MoU outlines collaboration between NHPC and Ocean Sun to showcase the latter’s innovative floating solar energy technology, utilizing photovoltaic panels mounted on hydro-elastic membranes.

NHPC will identify suitable sites for demonstration projects as part of its commitment to sustainable development and the expansion of renewable energy capacity. The agreement underscores NHPC’s broader focus on renewable energy initiatives, including solar, wind, and green hydrogen projects.

The MoU signing ceremony, held on April 29, 2024, featured NHPC’s Executive Director (Renewable Energy and Green Hydrogen), Shri V.R. Shrivastava, and Ocean Sun’s CEO, Mr. Kristian Tørvold, signing the agreement. Additionally, H.E. Ms. May-Elin Stener, the Ambassador of Norway to India, along with NHPC’s Director (Technical), Shri Raj Kumar Chaudhary, and Executive Director (Strategy Business Development & Consultancy), Shri Rajat Gupta, participated in the event from the Embassy of Norway in New Delhi. H.E. Dr. Acquino Vimal, the Ambassador of India to Norway, joined remotely from Oslo, marking a significant step towards international cooperation in renewable energy endeavors.