– Expanding into renewable energy projects like solar parks and wind farms. – Investing in green hydrogen and carbon capture technologies to stay relevant.
Traditional Giants Embracing Renewables
– Reliance Industries: Aggressive investments in solar and hydrogen energy. NTPC: Transitioning to renewable energy with ambitious capacity targets.
The Future of the Energy Market
– Traditional energy players that integrate renewables will gain a competitive edge. – Collaboration between traditional and renewable energy sectors can ensure a smoother transition.