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NTPC and ONGC establish JV for renewable energy projects

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NTPC Green Energy Limited (NGEL), a subsidiary of NTPC, and ONGC Green Energy Limited (OGL), a subsidiary of Oil and Natural Gas Corporation (ONGC), have formed a 50:50 joint venture named ONGC NTPC Green Private Limited (ONGPL).  The Ministry of Power approved the formation of this joint venture, which has an authorised capital of Rs 1 million. ONGPL will focus on renewable energy projects, including greenfield developments and acquisitions of existing assets, with a particular…

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Sustainiam to generate carbon credits for 400 MW renewable assets of Brookfield Asset Management

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Sustainiam announced it has onboarded 400 MW of renewable assets from Brookfield Asset Management as part of a 5-year agreement aimed at generating and trading carbon credits. The renewable assets include 50 wind projects across states such as Gujarat, Tamil Nadu, Karnataka, and Rajasthan. Sustainiam will evaluate the green energy practices at these assets to generate carbon credits and International Renewable Energy Certificates (I-REC). Additionally, Sustainiam will facilitate Brookfield in trading these credits through its…