ONGC Green pioneering India's power transition

ONGC Green is leveraging green hydrogen, solar, and wind energy to drive its transition toward sustainable energy solutions

- SIMONTINI BHATTACHARJEE

NEW DELHI: Established as a wholly owned subsidiary of state-owned Oil & Natural Gas Corporation (ONGC), ONGC Green Ltd is at the forefront of power transformation as India accelerates its transition toward renewable energy. The company is focused on achieving 10 GW of renewable energy capacity by 2030 while exploring innovative solutions in green hydrogen, compressed biogas, solar, and wind energy.

In an exclusive interview with the Millennium Post, Sanjay Kumar Mazumder, CEO of ONGC Green Ltd, discussed the company's strategic vision, its role in reducing carbon emissions, and how it plans to evolve from being a national oil company to a national energy company.

advanced solutions, the company is also exploring solar energy with integrated storage for enhanced efficiency and reliability.

ONGC Green is pursuing both organic and inorganic growth strategies to accelerate progress. While organic expansion takes time, strategic acquisitions enable rapid scaling. The company has recently signed Share Purchase Agreements with Ayana and PT Synergy, with the latter deal expected to close by the end of FY25.

How is ONGC leveraging green hydrogen, solar, and wind energy to transition toward sustainable energy solutions?

ONGC Green is leveraging green hydrogen, solar, and wind energy to drive its transition toward sustainable energy solutions. In line with India's target of producing 5 million tonnes (MT) of green hydrogen by 2030, ONGC Green is adopting a strategic and measured approach to this sector. The high production costcurrently around $6-7 per kg, more than double that of grey hydrogencombined with an uncertain market for off-takers, presents a challenge for large-scale investments.