Union Minister Pralhad Joshi highlighted that India has already met its goal of achieving 50% of its installed capacity from non-fossil fuel sources in 2025, hitting this target five years ahead of the original Paris Agreement schedule. With renewable capacity now exceeding 266 GW, the government is focusing on long-term goals, including reaching 500 GW of non-fossil capacity by 2030 and Net Zero emissions by 2070. To support this growth, India is prioritizing grid modernization, green energy corridors, and energy storage solutions to ensure a reliable and resilient power system for one of the world’s fastest-growing energy markets.

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Nagpur, December 20:

In a nationally significant move aligned with India’s clean energy ambitions, the Indian Institute of Management Nagpur and ONGC Green Limited signed a Memorandum of Understanding (MoU) on December 20 to collaborate on research, capacity building, and policy-driven initiatives in the field of green and future energy.

The MoU was signed on behalf of IIM Nagpur by its Director, Prof Bhimaraya Metri, and on behalf of ONGC Green Limited by its Chief Operating Officer, Harsh Nupur Joshi.

Senior faculty members of IIM Nagpur Prof. Alok Kumar Singh, Dean – Executive Education Programmes and Prof. Nikunj Kumar Jain, Chairperson of the Executive MBA in Energy Management, were present. On behalf of the ONGC, Deepak Kumar, GM (Electrical), was present.

Speaking on the occasion, Joshi said the energy sector is undergoing a rapid transformation. “Our aim is to work together to support India’s net-zero target by 2070. We intend to take up projects in energy storage, biofuels, and future energy solutions such as green hydrogen, which is going to be a game changer for India,” he said.

Dr. Metri said that India’s progress in green energy is being closely observed globally. “The world will be watching India’s initiatives towards sustainable and green energy. IIM Nagpur is proud to be associated with ONGC Green in this important national mission. Through this collaboration, we aim to contribute research, leadership, and policy insights that can shape India’s future energy ecosystem,” he said.

Under the MoU, the two institutions will jointly work on key areas such as environmental sustainability and ESG frameworks, renewable energy integration into power systems, carbon and green credit markets, energy storage, e-mobility policies, and leadership development. The collaboration will combine IIM Nagpur’s academic and policy expertise with ONGC Green’s operational experience in the renewable energy sector.

The outcomes of this partnership are expected to directly benefit common citizens by supporting cleaner and more reliable power, promoting affordable and sustainable energy solutions, generating green jobs, and contributing to healthier living conditions. By strengthening India’s green energy ecosystem, the IIM Nagpur–ONGC Green collaboration aims to play a meaningful role in meeting the country’s future energy needs while ensuring inclusive and sustainable growth.

ONGC Green is the renewable energy arm of Oil & Natural Gas Corporation, leading the organisation’s ambitious plan to achieve 10 GW of green energy capacity by 2030 through solar, wind, energy storage, biofuels, and green hydrogen projects. The partnership with IIM Nagpur is expected to provide strong academic and policy support to these efforts, while also contributing to India’s broader goal of achieving net-zero emissions by 2070.

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