Bharat Petroleum Corporation Limited (BPCL), a ‘Maharatna’ and Fortune Global 500 company, is aiming to have a portfolio of 1GW of renewable energy by 2025.
The relationship with Solar Energy Corporation of India Limited (SECI) would enable both firms to use their respective expertise in the renewable energy area, which includes solar, wind, electric mobility, hydrogen, and waste-to-energy. BPCL’s longer-term goal is to build a 10GW renewable energy portfolio by 2040.
Amit Garg, Head of Renewable Energy Business at BPCL, and Sanjay Sharma, Executive Director of SECI, signed the MoU.
In keeping with the Government of India’s aim of developing renewable energy capacity and accelerating the adoption of electric mobility in the country, Bharat Petroleum wants to diversify further in the renewable energy and electric mobility sectors, as well as pursue the development of ESG initiatives.
Bharat Petroleum is merging its strategy, investments, environmental and social objectives in order to contribute to a more sustainable world. The business has mapped out a five-year plan to install electric car charging stations at around 7000 energy stations.
This relationship with SECI establishes a new area of engagement for BPCL and serves as a catalyst for the company’s transition to Net-Zero emissions in Scope 1 and Scope 2 emissions.
This story is auto-generated from a syndicated feed; edited by Clean-Future Team