ONGC targets 10 GW renewable capacity by 2030, plans price 40,000 crore investment in energy transit (Business Opportunities - Marketing & Sales)

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ONGC targets 10 GW renewable capacity by 2030, plans price 40,000 crore investment in energy transit


New Delhi: Oil and Natural Gas Corporation (ONGC) has set a target of 10 GW renewable energy capacity by 2030, with plans to expand investments in solar, wind, and green hydrogen projects. The company recently signed an agreement with Ayana Renewables, increasing its clean energy portfolio from 153 MW to 3 GW in a single step. Pankaj Kumar, Director ONGC, said the company is committed to achieving its renewable energy goals ahead of schedule. “My target is to go to 10 GW by 2030, and I am confident we will achieve it much earlier,” he said during an interaction at India Energy Week (IEW) 2025.The company is also focusing on importing and trading gas as part of its energy transition strategy. “We will not shy away from importing and trading gas, ONGC, indianpetroplus

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