NTPC Limited and Oil and Natural Gas Corporation (ONGC) have announced the formation of a 50:50 joint venture company to promote their interests in renewable and new energy initiatives. The joint venture, established through their green energy subsidiaries, will explore opportunities in solar and wind energy, green hydrogen, green ammonia, sustainable aviation fuel, and green methanol. Additionally, the company will focus on emerging technologies like energy storage, e-mobility, and carbon credits. This strategic partnership aims to advance sustainable energy initiatives aligning with India's green energy goals. The joint venture will also consider acquiring renewable energy assets and participating in offshore wind tenders. NTPC Limited has filed for an IPO for its green energy subsidiary to raise funds, while ONGC is looking to expand its renewable energy portfolio by acquiring over 1 Gw of projects. The collaboration between these two major public sector undertakings signifies a significant step towards innovation, environmental stewardship, and driving India's energy transition towards a greener future.