ONGC Green Ltd's Vision for a Sustainable Energy Future in India
Key Ideas
  • ONGC Green Ltd aims to achieve 10 GW of renewable energy capacity by 2030 by focusing on diverse energy sources like solar, wind, green hydrogen, and green ammonia.
  • The company is strategically investing in organic and inorganic growth strategies, including recent acquisitions, to accelerate its progress in the renewable energy sector.
  • ONGC Green is actively reducing ONGC's carbon footprint by targeting net-zero Scope 1 emissions by 2030 and Scope 2 emissions by 2038, aligning with India's sustainability commitments.
  • Collaborations with key players like NTPC Green and NHPC in areas like offshore wind energy and pumped hydro storage projects reflect ONGC Green's commitment to clean energy transition.
ONGC Green Ltd, a subsidiary of ONGC, is leading India's renewable energy drive with a vision to achieve 10 GW of renewable energy capacity by 2030. The company's initiatives span solar, wind, green hydrogen, and green ammonia, aligning with India's Energy Vision 2040. ONGC Green's strategic approach includes categorizing its initiatives into phases, focusing initially on mature technologies like solar and wind. The company is exploring innovative solutions, including solar with integrated storage, to enhance efficiency. ONGC Green is actively investing in organic and inorganic growth strategies, with recent acquisitions to boost its renewable energy portfolio. The company is also committed to reducing its carbon footprint, targeting net-zero emissions by 2030 and 2038 for Scope 1 and Scope 2 emissions, respectively. Collaborations with companies like NTPC Green and NHPC demonstrate ONGC Green's commitment to clean energy projects, with a focus on offshore wind energy and hydro storage. The company's future projections include significant tenders for solar and battery storage projects, highlighting its continuous growth in the renewable energy sector.
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