State-owned energy giants NTPC Limited (NSEI:NTPC) and Oil and Natural Gas Corporation Limited (NSEI:ONGC) planned to form a joint venture through their green energy subsidiaries to explore opportunities including solar, wind, energy storage, green hydrogen and ammonia, sustainable aviation fuel, green methanol, emobility, and carbon credits, among others. The joint venture will also seek opportunities to acquire renewable energy assets and consider participation in upcoming offshore wind tenders in Tamil Nadu and Gujarat. The companies had signed a joint venture agreement in February and obtained the required statutory approvals from DIPAM and NITI Aayog.