# NTPC and ONGC sign MoU for renewable energy JV

NTPC and ONGC signed a Memorandum of Understanding to form a joint venture for renewable energy projects, including offshore wind, in India and overseas. The partnership aims to support NTPC's target of 32 GW renewable capacity by 2032 and ONGC's ambition of 10 GW by 2040.

- Type: Partnership
- Announced: 2020-05-25
- Where: India
- Status: announced
- Products: renewable energy, offshore wind
- Sectors: [Power Generation Equipment](https://endata.com/sectors/power-generation-equipment.md)

## Companies

- [NTPC Limited](https://endata.com/companies/883.md) (partner)
- [ONGC](https://endata.com/companies/4111.md) (partner)

## Sources

- [republicworld.com](https://www.republicworld.com/business/ntpc-and-ongc-sign-mou-to-expand-renewable-energy-projects-in-india), 2020-05-25: "The National Thermal Power Corporation on Friday signed a Memorandum of Understanding (MoU) with Oil and Natural Gas Corporation (ONGC), to set up a joint venture company for renewable energy projects."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.