In a groundbreaking move, two of India's leading Maharatna PSUs, NTPC and ONGC, have come together to establish a Joint Venture Company (JVC) focused on renewable and new energy ventures. The collaboration, facilitated through their respective Green Energy Subsidiaries, NTPC Green Energy Ltd. and ONGC Green Energy Ltd., marks a significant step towards promoting sustainable energy solutions in the country. Following the signing of the Joint Venture Agreement during India Energy Week 2024 and obtaining necessary approvals, the JVC is set to explore opportunities in Solar, Wind, Energy Storage, Green Hydrogen, Green Ammonia, Sustainable Aviation Fuel, Green Methanol, E-mobility, Carbon Credits, and Green Credits. Additionally, the JVC will actively pursue the acquisition of renewable energy assets and consider involvement in offshore wind tenders, particularly in Tamil Nadu and Gujrat. This strategic partnership underscores a shared commitment to fostering environmental stewardship and driving innovation in India's renewable energy landscape. With their combined expertise and resources, NTPC and ONGC are poised to play a pivotal role in realizing the nation's aspirations for a sustainable and eco-friendly future.