Mumbai, 7 February, 2024 : ONGC and NTPC Green Energy Limited (NGEL) signed a Joint Venture Agreement (JVA) to develop renewable energy projects focusing on offshore wind.
This was signed on 7 February, 2024 during India Energy Week held at Goa. The JVA was signed in the presence of Minister of Petroleum and Natural Gas and Minister of Housing and Urban Affairs Hardeep Singh Puri.
The JVA marks a pivotal collaboration aimed at spearheading Renewable Energy Projects both within India and on the international stage. Specifically, the agreement encompasses ventures in offshore wind projects while also delving into potential opportunities in Storage, E-mobility, Carbon Credits, Green Credits, Green Hydrogen business, and its derivatives such as Green Ammonia and Green Methanol.
