India's power giant NTPC Ltd and oil major Oil and Natural Gas Corp Ltd (ONGC) have formed a joint venture to venture into the realm of new and renewable energy in the country. The joint venture, established through their subsidiaries NTPC Green Energy Ltd (NGEL) and ONGC Green Energy Ltd (OGL), aims to bolster their presence in the renewable energy sector. With a focus on areas like solar, wind, energy storage, e-mobility, and carbon and green credits, the collaboration seeks to capitalize on the growing market for sustainable energy solutions in India. The agreement, which stemmed from an initial commitment during India Energy Week in Goa, emphasizes offshore wind projects and explores avenues in energy storage, e-mobility solutions, and green hydrogen production. The joint venture also envisions delving into green hydrogen derivatives such as green ammonia and green methanol. This partnership is a significant stride towards promoting a cleaner and greener energy landscape in India, leveraging the expertise and resources of NTPC and ONGC to drive innovation and sustainability in the energy sector.