Bharat Petroleum Corporation Limited (BPCL), a 'Maharatna' and a Fortune Global 500 company is aiming at 1GW of renewable energy portfolio by 2025.
The partnership with Solar Energy Corporation of India Limited (SECI) will help both organizations to leverage each other's expertise to pursue opportunities in renewable energy space including solar, wind, electric mobility, hydrogen and waste-to-energy.
Bharat Petroleum Corporation Limited (BPCL), a 'Maharatna'and a Fortune Global 500 company is aiming at 1GW of renewable energy portfolio by 2025.
The MoU was signed by BPCL's Head of Renewable Energy Business,
Amit Garg, and SECI's Executive Director, Sanjay Sharma.
In line with GOI's objective of RE Capacity development and faster adoption of Electric Mobility in the Country, BPCL intends to diversify further in the RE Sector and Electric Mobility sector, and take up the development of ESG projects.
Solar Energy Corporation of India Limited (SECI), a PSU under Ministry of New and Renewable Energy (MNRE), is engaged in promotion and development of various renewable energy resources, especially Solar/Wind energy and SECI is also the designated implementing agency for many RE schemes of GOI like VGF schemes, Solar Park Schemes, ISTS Projects for Solar & Wind, CPSU schemes etc. SECI has been at the forefront of RE capacity development and has been credited for bringing lowest RE tariffs in the Country.
India aims at 175 GW of Renewable Energy by 2022, which has been further scaled up to 500 GW by 2030.
Thus Bharat Petroleum is integrating its strategy, investments, environmental and social ambitions to move towards a sustainable planet.
The company has planned to offer electric vehicle charging stations at around 7000 energy stations over next 5 years and focuses on sustainable solutions, the company is developing a vibrant ecosystem and a road-map to become a Net-Zero emissions company (for Scope 1 & Scope 2 emissions) by 2040.
