Recently, which Indian company recently signed an MoU with Norwegian firm to implement floating solar power technology in India?a)NTPC Ltdb)NHPC Ltdc)SJVNd)NEEPCOCorrect answer is option 'B'. Can you explain this answer?

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Recently, which Indian company recently signed an MoU with Norwegian firm to implement floating solar power technology in India?

a)
NTPC Ltd
b)
NHPC Ltd
c)
SJVN
d)
NEEPCO

Correct answer is option 'B'. Can you explain this answer?

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Recently, which Indian company recently signed an MoU with Norwegian f...

NHPC Limited, India’s premier hydropower developer, has inked a Memorandum of Understanding with Ocean Sun, a Norwegian tech firm specializing in floating solar solutions. The agreement aims to explore joint ventures in deploying Ocean Sun’s innovative floating solar technology, utilizing hydro-elastic membranes. NHPC’s commitment to sustainable development and renewable energy expansion is reinforced through this partnership, aligning with its portfolio diversification into solar, wind, and green hydrogen projects.

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Recently, which Indian company recently signed an MoU with Norwegian f...

Introduction
Recently, NHPC Ltd, a leading Indian hydroelectric power company, signed a Memorandum of Understanding (MoU) with a Norwegian firm to implement floating solar power technology in India. This partnership aims to enhance the renewable energy landscape in the country.
Significance of the MoU
- Innovation in Renewable Energy: The collaboration focuses on integrating advanced floating solar technology, which maximizes space utilization on water bodies and minimizes land acquisition challenges.
- Boosting Solar Capacity: India aims to significantly increase its solar power generation capacity. This MoU aligns with the national goal of achieving 175 GW of renewable energy by 2022 and 450 GW by 2030.
Benefits of Floating Solar Technology
- Reduced Evaporation: Floating solar panels help in reducing water evaporation from reservoirs, thereby preserving water resources.
- Enhanced Efficiency: Solar panels operate more efficiently on water due to the cooling effect of the water surface, potentially leading to higher energy production.
- Environmentally Friendly: This technology has a lower environmental footprint compared to traditional solar farms, as it utilizes existing water bodies without disrupting land ecosystems.
Conclusion
The MoU between NHPC Ltd and the Norwegian firm marks a significant step towards innovative renewable energy solutions in India. By adopting floating solar technology, NHPC Ltd is poised to contribute to India's sustainable energy goals while addressing land and water resource challenges effectively.

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