Two public sector giants in India’s energy sector have come together to set up offshore wind energy projects.
According to media reports, power generation company NTPC Limited and oil and gas exploration company ONGC Limited have announced a partnership to set up offshore wind energy projects. The two companies signed a memorandum of understanding last year. The partnership agreement also covers other clean energy sectors like storage and e-mobility.NTPC recently announced plans to set up 60 gigawatts of renewable energy capacity by 2032. To put this in perspective, NTPC currently has an installed capacity of 66 gigawatts, dominated by coal-based power capacity with 46.6-gigawatts of capacity.
The company has just over 1 gigawatt of solar and wind energy capacity. It recently participated in competitive auctions and secured rights to develop large-scale solar power projects - link
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