Oil and Natural Gas Corporation (ONGC) is eyeing generating electricity from wind at its vast offshore acreage as it looks to augment its renewable energy portfolio.
ONGC has oil and gas fields both in the Arabian Sea and Bay of Bengal. That experience of operating in shallow and deep-sea is now being tapped to set up wind turbines to generate electricity that could be wired to land.
A study for a pilot project in Offshore Wind has already been commissioned for assessing the opportunities in this niche segment
Last year, ONGC signed a Memorandum of Unity (MoU) with NTPC to achieve their targets in the renewable energy business.
As per the MoU, NTPC and ONGC are to explore and set up renewable power assets including offshore wind, in India and overseas, and explore opportunities in the fields of sustainability, storage, e-mobility, and ESG (Environmental, Social and Governance) compliant projects and also safety aspects.
Offshore windmills as almost twice as efficient as onshore wind turbines. But the cost per MW for offshore turbines is higher because of stronger structures and foundations needed for marine environment.
They have added another 6 MW of solar capacity taking the total installed capacity (of solar energy) in excess of 30 MW. Till date the total installed capacity in renewable space exceeds 325 MW and the company is targeting 10 GW of installed renewable capacity by 2030.
ONGC will “further sharpen” its focus on climate-related aspects of its operations in order to remain relevant in tomorrow”s energy ecosystem.
This is a Syndicate News Feed; edited by Clean-Future Team