Oil and Natural Gas Corporation (ONGC) and NTPC Green Energy Limited (NGEL) have recently signed a joint venture agreement to develop offshore wind projects. The agreement was signed during the India Energy Week summit in Goa. This collaboration stems from a Memorandum of Understanding (MoU) signed between ONGC and NGEL on September 27, 2023, which aims to advance renewable energy goals amid the global energy transition.

The joint venture primarily focuses on the development of offshore wind projects, combining ONGC's expertise in offshore operations and infrastructure with NGEL's knowledge in renewable energy development and power generation. By leveraging their respective strengths, the partnership seeks to expedite the deployment of large-scale offshore wind farms in India.

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In addition to offshore wind projects, the joint venture will explore various other renewable energy initiatives. These include energy storage, e-mobility, carbon credits, green credits, green hydrogen, and related derivatives such as green ammonia and green methanol. For further details on upcoming and ongoing projects executed by the joint venture, refer to our renewable energy database.

The collaboration between ONGC and NGEL marks a significant milestone in India's renewable energy journey. By venturing into promising areas like offshore wind and green hydrogen, they are paving the way for a cleaner and more sustainable future.

About ONGC

The Oil and Natural Gas Corporation (ONGC) stands as a prominent Indian multinational oil and gas exploration and production company. As the largest government-owned entity in its sector, ONGC plays a pivotal role, contributing approximately 70% of India's domestic crude oil production and around 84% of its natural gas output.

Established in 1956, ONGC is headquartered in Dehradun, India, and boasts a global presence in over 20 countries. These include Azerbaijan, Kazakhstan, Russia, Iran, Iraq, Libya, Sudan, South Sudan, Colombia, Venezuela, Brazil, Peru, New Zealand, Bangladesh, Myanmar, and Malaysia. For detailed insights into ONGC’s global oil and gas projects, explore our comprehensive database.

About  NTPC Green Energy Limited

NTPC Green Energy Limited (NGEL) operates as a wholly-owned subsidiary of NTPC Limited, India's largest power producer. Established in October 2020, NGEL's primary objective is to expedite the growth of renewable energy and expand its green footprint nationally and internationally.

NGEL is dedicated to developing, implementing, and managing renewable energy projects, encompassing solar, wind, and green hydrogen initiatives. Additionally, it aims to venture into energy storage technologies and round-the-clock renewable power solutions. For detailed insights into NGEL’s projects, explore our Indian renewable energy database.

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