NHPC Limited to collaborate with Norwegian company

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.

NHPC Limited to collaborate with Norwegian company

NHPC Ltd, the largest organization for hydropower development in India, has signed a Memorandum of Understanding with M/s Ocean sun a Norwegian company operating as a technology provider to the floating solar industry. As per the MoU, NHPC and Ocean Sun will explore key areas of cooperation for the demonstration of Ocean Sun’s 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.

 

Read Also : IndusInd Bank Q1 FY25 results, net profit at 2% YoY

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.

 

Read Also : RBI issues guidelines on higher liquidity coverage ratio for retail deposits

The MoU was signed in hybrid mode by the Executive Director (Renewable Energy and Green Hydrogen), NHPC, Shri V.R. Shrivastava, and CEO, of Ocean Sun, Mr. Kristian Tørvold. Ambassador of Norway to India, H.E. Ms. May-Elin Stener; Director (Technical), NHPC, Shri Raj Kumar Chaudhary and Executive Director (Strategy Business Development & Consultancy), NHPC, Shri Rajat Gupta joined the signing ceremony from the Embassy of Norway, New Delhi and Ambassador of India to Norway, H.E. Dr. Acquino Vimal joined from Oslo.

Read Also : India assumes the Chair of Asian Disaster Preparedness Centre