The nation's second-largest state oil refiner, Bharat Petroleum Corporation Ltd (BPCL), will instal 1 GW of renewable energy capacity in Rajasthan as it changes course toward meeting a net zero emission objective by 2040. The Rajasthani government and BPCL inked a memorandum of
understanding (MoU) for the establishment of the renewable energy power plant, according to a statement from BPCL. However, it didn't specify a timeline or the amount of money that would be invested in the initiative. The corporation has set an ambitious target of having Scope 1&2 emissions "net zero" by 2040. By 2025 and 2040, it wants to increase the size of its renewable energy portfolio to 1 GW and 10 GW, respectively. The agreement was signed by Shelly Abraham, Head of Renewable Energy at BPCL, and Bhaskar A Sawant, IAS, Principal Secretary, Department of Energy, Government of Rajasthan, according to a release.
In Mumbai, Kochi, Kerala, and Bina, Madhya Pradesh, BPCL runs three oil refineries with a total refining capacity of over 38 million tonnes. Additionally, it has 6,100 LPG distributorships and almost 20,000 gasoline pumps. Over the next five years, it has outlined a plan to instal electric vehicle charging stations at about 7,000 gas stations.
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