ONGC, NTPC Green Energy In Tie-Up For Offshore Wind Updated On Thu, Feb 8th, 2024 by Saurenergy Oil and Natural Gas Corporation (ONGC) and National Thermal Power Corporation Green Energy Limited (NGEL) have signed a Joint Venture Agreement (JVA) to focus on offshore wind energy projects. The development was widely expected considering the push into offshore wind, and ONGC’s own experience with the domain relatively among energy majors. The agreement was signed […] Read more
ONGC Plans Rs 1 Lakh Crore Investment For Energy Transition Updated On Mon, May 29th, 2023 by Saurenergy State owned oil and gas producer ONGC has announced an investmen worth Rs 1 lakh crore by the end of this decade (2030) on energy transition projects. Most of the investments will be made on renewable energy projects. ONGC has already declared its target of achieving net zero carbon emissions by 2038. The fresh announcement […] Read more
Energy Transition and Clean Energy Investment in India Report – 10 Key Takeaways Updated On Thu, Mar 30th, 2023 by Saurenergy Several factors effect the green energy transition, such as the developmental aspect. However, the transition is becoming a reality. India’s largest Investment Banking franchise Avendus, in its latest report, Energy Transition and Clean Energy Investment in India, gives a picture of business segments emerging across the green economy value chain. The report also gives an […] Read more
Guwahati Signs INR 2000 Cr MoU for 250 MW/500 MWh Battery Energy Storage System Updated On Thu, Jan 12th, 2023 by Saurenergy ONGC Tripura Company Ltd and Assam Power Distribution Company Ltd have joined forces for the development of a Battery Energy Storage System Project of 250 MW / 500 MWh capacity in Guwahati. Valued at INR 2000 Cr, the project will be executed in a phased manner. The agreement was signed in the presence of Nandita […] Read more
Norwegian Firm Equinor Set Acquire BeGreen And 6 GW Solar Portfolio In Europe Updated On Fri, Nov 4th, 2022 by Saurenergy Norwegian energy firm Equinor has entered into an agreement with Denmark based solar project developer, BeGreen, that boasts of a pipeline of projects worth 6 GW in Denmark, Poland and Sweden- with an average project size of 300 MW. BeGreen also has a strong presence in Europe, where it has developed and sold more than […] Read more
Shapoorji Pallonji’s FPSO Armada Sterling-V Achieves Sail-Away Readiness Updated On Thu, Nov 3rd, 2022 by Saurenergy India’s sole specialist in Floating Production Storage and Offloading Units (FPSOs), Shapoorji Pallonji Oil & Gas Pvt Ltd (SP O&G) has achieved a significant milestone of sail-away readiness for its FPSO Armada Sterling V at Sembcorp Shipyard in Singapore. The FPSO is owned by a 70:30 joint partnership between SP O&G and the Malaysian Bumi […] Read more
ONGC Signs MoU With Greenko To Make Green Hydrogen And Explore Markets Updated On Wed, Jul 27th, 2022 by Saurenergy Oil and Natural Gas Corporation (ONGC) and renewable energy company Greenko ZeroC have signed a Memorandum of Understanding (MoU) to make green hydrogen, green ammonia and jointly explore new market in renewables, and other derivatives of green hydrogen. The two companies will join hands to come up with a 1-MMTPA green ammonia production and storage […] Read more
Power Sector PSU’s Get Strong Backing To Push For Renewables Updated On Thu, Sep 9th, 2021 by Saurenergy Yesterday, (September 8) at a meeting to discuss the action plan for enhancing the investment by power sector CPSEs (Central Public Sector Undertakings) in renewable energy projects under the Chairmanship of R.K Singh, Union Minister of Power & NRE yesterday representative of all Hydro CPSEs, NTPC Ltd., MNRE and SECI came in. Key decisions were […] Read more
NTPC, ONGC To Focus On Offshore Wind Energy Developments ? Updated On Mon, Jul 5th, 2021 by Saurenergy News reports have quoted state-owned National Thermal Power Corporation Ltd (NTPC) and the Oil and Natural Gas Corporation Limited (ONGC) joining together for the development of offshore wind energy in the country. For ONGC, the national oil explorer, any tie-up is considered relevant as power generation has not been its forte, and offshore wind offers […] Read more
