en.Wedoany.com Reported - India's state-owned Oil and Natural Gas Corporation (ONGC) has issued a Letter of Intent to Prozeal Green Energy for the development of 250 MW of captive interstate transmission system-connected wind power projects across India. The order follows a turnkey model, covering full lifecycle services including design, supply, civil works, installation, and grid connectivity, with the project required to commence operations within 30 months of contract signing..

Prozeal Green Energy stated that this collaboration marks its first foray into utility-scale wind power and a key step in its transition from a solar EPC service provider to a comprehensive renewable energy solutions company. The company has been steadily expanding its business footprint in the renewable energy sector in recent years. Earlier this month, Prozeal completed the commissioning of a 35 MW peak solar power plant in Nimboni, Maharashtra, for GSENC Renewable 1 Private Limited. In September 2025, Prozeal also signed an agreement with StarCharge to deploy a total capacity of 1 GWh of battery energy storage systems across multiple locations in India.

Industry data shows that India added approximately 1.6 GW of new wind power capacity in the first quarter of 2026, a 14% year-on-year increase, with favorable policies and capital inflows accelerating clean energy project development. State-owned oil and gas companies are becoming key players in this trend by developing captive renewable energy to reduce operational carbon emissions. Prozeal has previously received approval from the Securities and Exchange Board of India to raise INR 70 billion through an initial public offering, further enhancing its project delivery capabilities to address the financial and engineering management challenges posed by this scale of order.

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