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Ocean Sun AS ( (DE:OW7) ) has provided an announcement.
Ocean Sun AS has entered a strategic collaboration with the Ukrainian Zhytomyr City Territorial Community and Turkish HICC Heavy Industry Construction Co. to explore the deployment of floating solar power in Ukraine. This initiative, marked by a Memorandum of Understanding, aims to conduct feasibility studies for a potential floating solar power plant in Zhytomyr, which could provide up to 25 MWp of clean electricity to the local grid. The project is expected to enhance local energy resilience and reduce transmission losses, contributing to Ukraine’s energy infrastructure rebuilding efforts.
More about Ocean Sun AS
Ocean Sun is a company that combines Norwegian maritime expertise with photovoltaic knowledge to develop innovative floating solar technology. Their patented solution involves solar modules mounted on hydro-elastic membranes, offering unique cost and performance advantages. With offices in Oslo, Singapore, and Shanghai, Ocean Sun aims to become a leading provider of floating solar technology globally.
Average Trading Volume: 29,340
Current Market Cap: NOK55.52M
Learn more about OW7 stock on TipRanks’ Stock Analysis page.