ONGC, NGEL partner for RE project development

They will work on offshore wind projects in India and overseas, amongst other areas.

The Oil and Natural Gas Corporations (ONGC) signed a memorandum of understanding (MOU) with NTPC Green Energy Limited (NGEL) to collaborate on the feasibility and deployment of renewable energy projects.

In a statement, ONGC said they will work with NGEL on renewable projects in India and overseas through offshore wind projects.

READ MORE: ONGC targets 10 GW renewable portfolio by 2030

The parties will also look into opportunities in storage, e-mobility, carbon credits and green credits, nuclear, green hydrogen business and derivatives such as green ammonia and green methanol.

The MOU was signed by ONGC Executive Director Debdulal Adhikari and NGEL CEO Mohit Bhargava.