SJVN’s wholly owned subsidiary---SJVN Green Energy (SGEL) has inked an memorandum of understanding (MoU) with Ocean Sun, Norway for collaboration in the field of new technologies in Green & Clean Energy Sector.
As per the MoU, it has been agreed that SGEL shall develop & finance a Pilot Membrane based Floating Solar Project (about 2 MW) at a suitable Location anywhere in India. For this project, patented technological support shall be provided by Ocean Sun, Norway. This MoU shall pave way for technology transfer and cooperation amongst the two Countries. Once this pilot project succeeds, the two companies SGEL & Ocean Sun can look forward for expanding this technology on large scale along the vast coast line in the southern part of India.
The company has aligned its Shared Vision with that of Government of India’s target of achieving 50% energy from non-fossil fuel sources by 2030. As a strategic & reliable partner, SJVN plans to play a vital role in clean energy transition of the nation and vision to provide round the clock power to all.
SJVN’s principal business activity is electricity generation. The company is also engaged in the business of providing consultancy.
