Current Affairs - Business - Discussion

ONGC has signed a Memorandum of Understanding (MoU) with Tata Power Renewable Energy Ltd to collaborate on Battery Energy Storage Systems (BESS). The partnership aims to improve grid stability, integrate renewable energy sources, and support India’s clean energy target of 500 GW by 2030. Additionally, ONGC has set a goal to achieve 10 GW of renewable capacity by 2030, which aligns with its broader objective of reaching net-zero carbon emissions by 2038. This collaboration strengthens efforts to transition toward sustainable energy solutions.