Oil and Natural Gas Corporation eyes offshore wind energy projects
India’s largest oil and gas producer ONGC NSE 0.12 % is eyeing generating electricity from wind at its vast offshore acreage as it looks to augment its renewable energy portfolio, its chairman Subhash Kumar said. Oil and Natural Gas Corporation (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,” Kumar said in the company’s latest annual report.
