Under the aegis of India-Norway Task Force for Energy, SJVN Green Energy Limited, a wholly owned subsidiary of SJVN Limited (A CPSU under Ministry of Power, Govt. of India) today inked an MoU with Ocean Sun AS, Norway for collaboration in the field of new technologies in Green & Clean Energy Sector. Under this MoU it has been agreed that SJVN Green Energy Limited shall develop & finance a Pilot Membrane based Floating Solar Project (about 2 MW) at a suitable location. For this project,

technological support shall be provided by Ocean Sun AS, Norway. This MoU shall pave way for technology transfer and cooperation amongst the two Countries. Once this pilot project is on its success path, the two companies M/s SGEL & Ocean Sun AS can look forward for expanding this technology on large scale on lakes and along the vast coast line in the southern part of India. “The present MoU represents a milestone for Ocean Sun in our quest for providing affordable renewable energy without scarifying valuable land.

We are honoured by the trust from SJVN Green Energy to pilot a new 2MW Ocean Sun floating power plant in India. We also wish to thank the Innovation Norway Team in New Delhi for invaluable support and for bringing the parties together””. Says Dr Børge Bjørneklett, CEO of Ocean Sun. “It has been a real pleasure working with Ocean Sun and SJVN developing a platform for joint projects, and we congratulate the parties on this milestone. This aligns well with Innovation Norway’s strategy of bringing new green value chains to the international markets, says Cristian Valdes Carter, Director India at Innovation Norway. “India is well suited for implementing and scaling of new green technologies and Ocean Sun introduces a very relevant solution to the Indian market based on efficiency, robustness and flexibility, says Carter.”

About SGEL: SJVN Green Energy Limited (SGEL) is a wholly owned subsidiary of SJVN Limited, a CPSU under Ministry of Power, Government of India. SGEL looks after the renewable business of SJVN Limited. SJVN Limited has a portfolio of about 58 GW which are under various stages of operation and development.

Under this portfolio, SGEL has bagged about 5 GW RE projects with firm PPAs for 25 years. Out of this 5 GW, 1.5 GW projects are under various stages of construction and another 2 GW projects are likely to come under construction shortly. SGEL aims to add additional 1 to 1.5 GW RE projects every year. We endeavour to enter into new technologies in the RE field including Green Hydrogen, Green Ammonia, offshore Floating & Hybrid projects.