星期日, 4月 11, 2021
Home PV News India's ONGC to Invest in Renewable Power Research

India's ONGC to Invest in Renewable Power Research

India's Oil and Natural Gas Corporation (ONGC) will invest INR5bn ($109.4m) on research and development of non-conventional energy sources.


ONGC chairman and managing director R S Sharma told the Business Standard that India has only 0.5% of the world's hydrocarbon reserves and will find it difficult to meet its growing energy demand without utilising alternative and renewable sources.


The firm is currently engaged in tapping non-conventional energy sources like solar, thermal energy, LED (light emitting diode) and fuel cells that emit less carbon.


ONGC has also set up a 150MW wind power plant and has approved the development of another 100MW wind energy plant.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisment -

Most Popular

Maxeon Solar might open a 1.8-GW solar panel assembly plant in the United States

When SunPower spun off its solar panel manufacturing efforts into new company Maxeon Solar Technologies in Aug. 2020, the plan was for SunPower to...

174 Power Global developing 200-MW Colorado solar project for regional utility

174 Power Global has entered a 15-year PPA with Black Hills Energy to develop the 200-MW Turkey Creek Solar facility in Pueblo County, Colorado. “We...

Wells Fargo sole off-taker on 58-MW solar project developed by NextEra Energy

Wells Fargo signed a 20-year PPA on a 58-MW North Carolina solar project being developed by a subsidiary of NextEra Energy Resources. The banking...

National Solar Tour will be hosted online and in-person this year

The American Solar Energy Society (ASES) announced the 2021 edition of the National Solar Tour. This annual grassroots solar event will take place virtually...