Oil and Natural Gas Corporation (ONGC) on has signed an MoU with Solar Energy Corporation of India (SECI) to scale up its clean energy projects.
The MoU provides a broad, overarching framework for ONGC and SECI to collaborate and cooperate for undertaking renewable energy projects including solar, wind, solar parks, EV value chain, green hydrogen, storage, etc. ONGC has set a target of producing a minimum of 10 GW of renewable power by 2040 while continuing its focus on the core exploration and production (E&P) business.