BPCL plans Rs 25,000 cr investment for green energy push

10 Jan 2022 CW Team

Energy major Bharat Petroleum Corporation Limited (BPCL) is planning to invest Rs 25,000 crore to develop its renewable energy portfolio and work towards its net-zero carbon emission goals. Bharat Petroleum Corporation Ltd (BPCL) is going to set aside Rs 25,000 crore for building a strong renewable energy portfolio by the end of 2040. It is also uniting a team for pushing diversification. This is a step for achieving the company’s goal to be net-zero on emissions this year.

While the company is being privatised BPCL is aiming towards building 10 GW of renewable energy capacity using organic and inorganic routes, by the end of 2040. Its current capacity is 45 MW.

Major oil companies including BPCL have to invest huge amounts of money for reducing the impact of climate change by introducing clean energy projects as a commitment to cutting emissions.

The alignment of portfolios towards net zero emissions has helped the transition to gather pace. BPCL has made a commitment towards offsetting emissions from crude oil refining operations as well as the energy used by the end of 2040.

Garg’s immediate step will be making a portfolio of one gigawatt worth Rs 5,000 crore, that will be primarily driven by solar power by the end of 2025. In the financial year 2022-23, BPCL is planning to make an investment of Rs 2,000 crore and close a few acquisition deals.

BPCL is making investments in clean fuel, green refineries, efficiency improvement, and carbon footprint reduction.

Image Source

Also read: BPCL inks pact with Fortune Global 500 firm for green hydrogen

Infrastructure Energy

07 Oct 2025

Centre Sets National Standards For Renewable Power Use

The Central Government, in consultation with the Bureau of Energy Efficiency (BEE), has issued a new notification establishing minimum renewable energy consumption standards for designated power users across India. This framework replaces the 2023 notification and aims to accelerate the adoption of green electricity among consumers nationwide.Titled the Renewable Consumption Obligation (RCO), the regulation mandates that designated consumers — including electricity distribution licensees, open access consumers, and captive power users — must ensure a specified share of their total electric..

Tata Power Signs Rs 12 Billion PPA For 80 MW Green Project

Tata Power Company announced that its renewable arm, Tata Power Renewable Energy Limited (TPREL), has signed a Power Purchase Agreement (PPA) with Tata Power Mumbai Distribution for an 80 MW Firm and Dispatchable Renewable Energy (FDRE) project.The Rs 12 billion project will combine solar, wind, and battery storage systems to provide reliable renewable power during peak demand periods, strengthening grid stability and meeting the growing energy needs of Mumbai.Scheduled for completion within 24 months, the facility is expected to generate around 315 million units (MUs) of clean electricity ann..

KP Group Partners With South Korea On Green Hydrogen

KP Group has announced a strategic international partnership with South Korea’s Jeonbuk Province to strengthen cooperation in the green hydrogen sector. The agreement, signed on Tuesday, aims to advance the global clean energy ecosystem through technology collaboration and project development.According to a company filing, KP Group, through its subsidiaries KPI Green Hydrogen and Ammonia, signed a Memorandum of Understanding (MoU) with Jeonbuk Special Self-Governing Province, GH2 Solar Ltd, and AHES Co Ltd.“This collaboration marks a pivotal step in deepening international cooperation for ..