India’s state-owned fossil fuel corporation Oil & Natural Gas Corporation (ONGC) and Greenko, one of the biggest renewable energy developers in the world, have formed a strategic cooperation to develop a 1.3 GW green hydrogen project powered by 24/7 renewable energy.
The two companies reached an agreement to form a joint venture to build a $6 billion project. According to the memorandum of understanding, the project would require an enormous 6-7 GW of new wind and solar installations, supported by pumped-hydro storage, to provide 1.4 GW of continuous power to John Cockerill alkaline electrolysers.
