Indian oil subsidiary plans 1 GW renewables
OIL & GAS

Indian oil subsidiary plans 1 GW renewables

An Indian Oil Corporation (IOC) subsidiary, Indian Oil Renewable Energy Limited, has announced plans to develop 1 gigawatt (GW) of renewable energy projects over the next few years. This initiative is part of IOC's broader strategy to diversify its energy portfolio and enhance its presence in the renewable energy sector.

The subsidiary aims to leverage its parent company's extensive infrastructure and expertise in project development to accelerate the deployment of renewable energy projects across the country. With a focus on solar and wind power, Indian Oil Renewable Energy Limited aims to contribute to India's renewable energy targets and support the transition to clean and sustainable energy sources.

Indian Oil's foray into renewable energy underscores the company's commitment to environmental sustainability and its recognition of the growing importance of renewable energy in India's energy landscape. By investing in renewable energy projects, Indian Oil aims to reduce its carbon footprint, mitigate environmental impact, and contribute to the fight against climate change.

The decision to develop 1 GW of renewable energy capacity aligns with India's ambitious renewable energy targets, including the goal of achieving 450 GW of renewable energy capacity by 2030. As one of the country's largest energy companies, Indian Oil's entry into the renewable energy sector is expected to catalyze further investment and growth in the sector.

Moreover, Indian Oil Renewable Energy Limited's plans to develop renewable energy projects will create opportunities for job creation, technology transfer, and economic development in the regions where these projects are located. By partnering with local communities and stakeholders, the subsidiary aims to ensure the sustainable development of renewable energy projects while maximizing socio-economic benefits.

Overall, Indian Oil's subsidiary's commitment to developing 1 GW of renewable energy projects demonstrates the company's proactive approach to embracing clean energy and contributing to India's sustainable development goals. As renewable energy continues to gain momentum globally, Indian Oil's investment in renewable energy projects positions it well for long-term growth and success in the evolving energy landscape.

An Indian Oil Corporation (IOC) subsidiary, Indian Oil Renewable Energy Limited, has announced plans to develop 1 gigawatt (GW) of renewable energy projects over the next few years. This initiative is part of IOC's broader strategy to diversify its energy portfolio and enhance its presence in the renewable energy sector. The subsidiary aims to leverage its parent company's extensive infrastructure and expertise in project development to accelerate the deployment of renewable energy projects across the country. With a focus on solar and wind power, Indian Oil Renewable Energy Limited aims to contribute to India's renewable energy targets and support the transition to clean and sustainable energy sources. Indian Oil's foray into renewable energy underscores the company's commitment to environmental sustainability and its recognition of the growing importance of renewable energy in India's energy landscape. By investing in renewable energy projects, Indian Oil aims to reduce its carbon footprint, mitigate environmental impact, and contribute to the fight against climate change. The decision to develop 1 GW of renewable energy capacity aligns with India's ambitious renewable energy targets, including the goal of achieving 450 GW of renewable energy capacity by 2030. As one of the country's largest energy companies, Indian Oil's entry into the renewable energy sector is expected to catalyze further investment and growth in the sector. Moreover, Indian Oil Renewable Energy Limited's plans to develop renewable energy projects will create opportunities for job creation, technology transfer, and economic development in the regions where these projects are located. By partnering with local communities and stakeholders, the subsidiary aims to ensure the sustainable development of renewable energy projects while maximizing socio-economic benefits. Overall, Indian Oil's subsidiary's commitment to developing 1 GW of renewable energy projects demonstrates the company's proactive approach to embracing clean energy and contributing to India's sustainable development goals. As renewable energy continues to gain momentum globally, Indian Oil's investment in renewable energy projects positions it well for long-term growth and success in the evolving energy landscape.

Next Story
Infrastructure Transport

Dhalbhumgarh Airport Faces 150-km Rule Hurdle

The issue has resurfaced following a recent statement by Union Civil Aviation Minister Ram Mohan Naidu, who said that under existing aviation policy, a new greenfield airport is generally not permitted within an aerial distance of 150 kilometres of an operational civilian airport. He added, however, that if a formal proposal is submitted, its impact on the existing airport can be examined and relaxations may be considered on a case-by-case basis. While the clarification has revived some hope for Dhalbhumgarh, it has also underlined the scale of the technical challenge facing the project. Unde..

Next Story
Infrastructure Transport

Stakeholders Seek Parallel Ops For Vizag Airports

With road and metro rail links to Bhogapuram still several years away, stakeholders in north Andhra Pradesh have renewed demands to continue civil operations at INS Dega even after the commissioning of Bhogapuram International Airport. The new airport is expected to begin commercial operations from June. Officials said close to 80 per cent of the airport infrastructure at Bhogapuram, including the terminal building and internal approach roads, has already been completed. However, inadequate external connectivity remains a key concern. Making a case for parallel operations, Andhra Pradesh Air ..

Next Story
Infrastructure Transport

Govt To Roll Out V2V Tech To Cut Road Crashes

In an effort to curb road accidents, particularly in low-visibility conditions such as dense fog, the government is set to roll out vehicle-to-vehicle (V2V) communication technology that will allow cars to exchange real-time data and alert drivers to potential dangers. The announcement was made by Union Road Transport and Highways Minister Nitin Gadkari after the 43rd meeting of the Transport Development Council. The technology involves installing an on-board unit (OBU) in vehicles, enabling wireless data exchange between nearby cars. This will allow vehicles to share information such as spee..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Open In App