ONGC is looking to enter the solar space
With the aim of entering the renewable energy, mainly solar energy space, Oil and Natural Gas Corporation (ONGC) on Thursday signed an agreement with Solar Energy Corporation of India (SECI). ) to scale up its clean energy projects.
The agreement, signed by ONGC Director Subhash Kumar and SECI CEO Suman Sharma, provides a broad framework for both organizations to collaborate and collaborate to implement renewable energy projects including renewable energy. solar energy, wind, solar parks, electric vehicle value chains and other areas of focus, a Maharatna company statement said.
This partnership will allow ONGC to strengthen its footprint in the renewable energy sector, particularly solar energy.
Mr. Kumar said: “ONGC has a multi-pronged strategy to enrich its green energy portfolio and plans to move towards carbon neutrality by efficient carbon management and additional energy capacity. renewable,” said Mr. Kumar.
The SECI director said that the pact will open new avenues of sustainable development and promise to take India to new frontiers of technology and scale.
ONGC has been pursuing the green energy agenda through various alternatives and renewable energy sources.
It has set a target of producing a minimum of 10 GW of renewable energy by 2040 while continuing to focus on its core exploration and production (E&P) business.
SECI, a PSU under the Ministry of New and Renewable Energy engaged in the promotion and development of various renewable energy sources, especially solar and wind energy and storage systems based on recycled energy.
