NTPC, ONGC join forces for green energy in India

India’s state-owned energy giants, NTPC and ONGC, have solidified their commitment to sustainability by forming a joint venture to explore and develop a wide range of renewable energy projects.

The JV will focus on developing projects to produce green hydrogen and sustainable aviation fuel (SAF) to decarbonise various industries and transportation sectors.

The joint venture, a 50-50 partnership between the companies’ green energy subsidiaries NTPC Green Energy Limited (NGEL) and ONGC Green Energy Limited (OGL), received regulatory approvals earlier this year and is now poised to drive significant growth in India’s renewable energy sector.

The JV will also focus on other areas including expanding the country’s renewable energy capacity through large-scale solar and onshore wind projects. Moreover, it will also work on expanding India’s offshore wind power sector, particularly in states like Tamil Nadu and Gujarat.

The companies said they are prioritising investing in advanced energy storage solutions, including battery storage and pumped hydro storage, to enhance grid reliability and integrate renewable energy sources. Beyond that, the JV will also explore opportunities to generate and trade carbon credits and green credits, contributing to India’s climate mitigation efforts.

This strategic partnership aligns with India’s ambitious renewable energy targets and its commitment to reducing greenhouse gas emissions. By combining their expertise, resources, and market presence, NTPC and ONGC aim to accelerate the country’s transition to a low-carbon economy.