New Delhi: NHPC Limited, the largest organization for hydropower development in India, signed a Memorandum of Understanding (MoU) with Norwegian company Ocean Sun operating as a technology provider to the floating solar industry.
The objective NHPC and Ocean Sun will explore key areas of cooperation for the demonstration of Ocean Suns floating solar energy technology based on photovoltaic panels.
The panels would be mounted on hydro-elastic membranes, at relevant sites to be identified by NHPC.
The agreement is in continuation of efforts towards sustainable development and the addition of renewable energy capacity by NHPC, which is engaged not only in hydropower development but also in various renewable energy projects such as solar, wind and green hydrogen projects.
The MoU was signed in hybrid mode on April 29, 2024, by NHPCs Executive Director (Renewable Energy and Green Hydrogen) V.R. Shrivastava and CEO of Ocean Sun Kristian Trvold.
