India’s largest power and oil groups – NTPC and ONGC – plan a renewable energy joint venture that will develop projects including offshore wind farms at home and abroad, in a move analysts said could boost the sector's prospects.
The state-controlled groups signed a memorandum of understanding for the venture that they said would help both achieve big renewable energy targets.
The partners will “explore the setting up of offshore wind and other renewable energy projects in India and overseas.
