Norwegian company Ocean Sun has signed a non-binding memorandum of understanding (MoU) with ACEN-Silverwolf, a renewable energy joint venture platform between ACEN Renewables International (ACRI) and Silverwolf Capital, to create a strategic framework for the deployment of floating solar technology in Asian markets.
The partners look forward to entering into a binding cooperation framework with a focus on accelerating the development and deployment of utility-scale floating solar installations in freshwater reservoirs and inland water bodies, subject to relevant approvals and completion of final documentation.
Christian TorvoldOcean Sun CEO said: “This MOU sets out a clear path to scale Ocean Sun’s floating solar technology together with a highly experienced renewable energy developer. It supports our capital-light licensing strategy in the utility sector and provides a structured path from pilot projects to utility scale deployment, particularly in competitive freshwater environments.”
The deal will see Ocean Sun’s technology and marine know-how combined with ACEN-Silverwolf’s expertise in renewable energy and regional project development.
“Ocean Sun offers floating solar technology that has been developed and refined over many years, with a clear focus on durability and suitability for freshwater installations. For ACEN-Silverwolf, this is an important consideration as we evaluate technologies that can be deployed at scale across our portfolio, and the MOU provides a structured way to support and deploy Ocean Sun technology in this context.” He said Kelvin YuenPresident of ACEN-Silverwolf.
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