Oil and Natural Gas Corporation (ONGC) has signed a Memorandum of Understanding (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. The partnership will enable ONGC to strengthen its footprint in renewables, especially solar.
ONGC is India’s largest government-run corporation and produces about 70% of India’s crude oil and natural gas. The corporation is the biggest public sector commercial organization in India.
