India's Oil and Natural Gas Corporation (ONGC) plans to invest $11.5 billion in clean energy by 2030. ONGC aims for a renewable energy portfolio of 10 GW by 2030. Current fiscal year investments in green energy are planned at $115 million, with a 100-fold increase targeted. Investments will span solar, wind, hydropower, biogas, green hydrogen, and green ammonia. ONGC signed an MoU with Tata Power Renewable Energy to explore Battery Energy Storage Systems.
ONGC to Invest $11.5 Billion in Clean Energy by 2030, Targeting 10 GW Renewable Portfolio
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