What is the Joint Venture between ONGC and Solar Energy Corporation?
Answer
Answer
ONGC has entered into a joint venture agreement with Solar Energy Corporation of India (SECI) for renewable energy projects. This collaboration will encompass renewable energy projects including solar, wind, solar parks, EV value chain, green hydrogen etc. It is estimated that by 2030, 66% of the installed capacity would be non-fossil fuels. ONGC targets 10 GW of renewable power production by 2040 along with focus on E&P.