NTPC announced today its arm NTPC Green Energy Ltd and ONGC Green Ltd, an arm of Oil and Natural Gas Corp., have formed a 50:50 joint venture company ONGC NTPC Green Pvt Ltd (ONGPL).
ONGPL will explore and set up renewable energy (RE) projects in India and overseas through greenfield development and acquisitions after firming up of the sale of power from various opportunities including tariff-based competitive bidding. It will also explore the feasibility and setting up of offshore wind projects in India, among other related activities.
In addition, ONGPL will explore and harness potential opportunities in the fields of energy storage, e-mobility and ESG (Environmental, Social and Governance) compliant projects. Other activities include exploring the opportunities related to carbon credits and green credits for moving towards low carbon transition.
This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact: editors@pv-magazine.com.
By submitting this form you agree to pv magazine using your data for the purposes of publishing your comment.
Your personal data will only be disclosed or otherwise transmitted to third parties for the purposes of spam filtering or if this is necessary for technical maintenance of the website. Any other transfer to third parties will not take place unless this is justified on the basis of applicable data protection regulations or if pv magazine is legally obliged to do so.
You may revoke this consent at any time with effect for the future, in which case your personal data will be deleted immediately. Otherwise, your data will be deleted if pv magazine has processed your request or the purpose of data storage is fulfilled.
Further information on data privacy can be found in our Data Protection Policy.