In a significant move towards renewable energy, two of India's leading PSUs, NTPC and ONGC, have joined forces to establish a 50:50 Joint Venture Company (JVC) through their green energy subsidiaries. This collaboration, formalized in February 2024, signifies a shared commitment to expanding their presence in the renewable energy sector by leveraging green technologies and projects. The partnership's scope extends across various sustainable initiatives, including solar and wind energy, green hydrogen, sustainable aviation fuel, and energy storage solutions like pumped hydro and battery storage. The newly formed JVC will play a crucial role in exploring opportunities within renewable and new energy sectors, focusing on projects such as solar and wind installations, green molecules production (e.g., green ammonia and green methanol), and e-mobility initiatives. Additionally, the partnership aims to acquire renewable energy assets, participate in offshore wind tenders, and contribute to the development of carbon and green credits. By aligning with India's ambitious renewable energy goals, the collaboration between NGEL and OGL emphasizes their dedication to fostering a sustainable future. The strategic alliance not only underscores the importance of transitioning towards cleaner energy sources but also highlights the significance of public-private partnerships in driving sustainable development. This initiative not only promotes environmental sustainability but also supports the growth of renewable energy projects and green technologies in the region.