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Tag: #Floating Solar Project

  • SJVN & M/s Ocean Sun, Norway sign MOU for a Pilot Membrane based Floating Solar Project

    SJVN & M/s Ocean Sun, Norway sign MOU for a Pilot Membrane based Floating Solar Project

     

     

    SHIMLA – 27.10.2023

    Nand Lal Sharma, Chairman & Managing Director, SJVN informed that SJVN has signed a Memorandum of Understanding (MoU) with M/s Ocean Sun, Norway for collaboration in the field of new technologies in Green & Clean Energy Sector.

     

    Nand Lal Sharma stated that under this MoU, SJVN Green Energy Limited (SGEL) a wholly owned subsidiary of SJVN shall develop & finance a Pilot Membrane based Floating Solar Project of about 2 MW at a suitable location anywhere in India. The patented technological support for this project shall be provided by M/s Ocean Sun, Norway. This MoU shall pave the way for transfer of technological knowledge and cooperation amongst the two nations. Once this pilot project is on its success path, the two companies can endeavor to expand this technology on a large scale along the vast coastline in the southern part of India.

     

    The MOU was signed in the presence of Ms May-Elin Stener, Ambassador of Norway to India, Sh. Dinesh Dayanand Jagdale, Joint Secretary, MNRE, Sh. Akhileshwar Singh, Director (Finance), SJVN, by Sh. Ajay Singh, CEO (SGEL) and CEO, M/s Ocean Sun, Norway.

     

    This MOU signing will strengthen the footprints of SJVN in the renewable energy sector and will help in achieving the Government of India’s target of 50 percent installed capacity from non-fossil fuel sources by 2030. This will also help in achieving the company’s new Mission of 12000 MW by 2026 and the ambitious Shared Vision of 50,000 MW installed capacity by 2040.

  • SJVN bagged another 83 MW Floating Solar Project in Madhya Pradesh

    SJVN bagged another 83 MW Floating Solar Project in Madhya Pradesh

    SHIMLA: 10 November, 2022

    Nand Lal Sharma, Chairman & Managing Director, SJVN today informed that in a latest addition to its kitty, SJVN has secured 83 MW Floating Solar Project in Madhya Pradesh. This Project has been secured @ Rs 3.70 /Unit on Build Own and Operate basis in a e-Reverse Auction (e-RA) organized by REWA Ultra Mega Solar Limited (RUMSL).

    Nand Lal Sharma apprised that SJVN will develop this project in India’s largest Floating Solar Park at Omkareshwar in District Khandwa, Madhya Pradesh. The cost of developing the Floating Solar Project will be approximately Rs 585 Crores. After commissioning, the project will generate 187 Million Units in first year & 4410 Million Units over a period of 25 years. The commissioning of this Project is expected to reduce approximately 2,16,074 tonnes of carbon emission in 25 years.

     

    The Power Purchase Agreement will be signed between RUMSL & SJVN for 25 years. The project shall be commissioned within a period of 21 months from the date of signing of PPA.

    Nand Lal Sharma said “This is our second Floating Solar Project bagged through Tariff Based Competitive Bidding Process From RUMSL. We are already developing a 90 MW floating Solar Project in Madhya Pradesh.”

     

    SJVN is implementing this Project along with other Renewable Projects of 4090.5 MW capacity through its wholly owned subsidiary SJVN Green Energy Limited.

    SJVN is on a rapid expansion and capacity addition journey. With present portfolio of around 42,000 MW, the company is marching forward to achieve its Shared Vision of 5000 MW by 2023, 25000 MW by 2030 & 50000 MW capacity by 2040.