ONGC signs MoU with SECI to develop renewable, ESG projects

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.