BPCL, ONGC, NTPC to ramp up renewable energy capabilities
POWER & RENEWABLE ENERGY

BPCL, ONGC, NTPC to ramp up renewable energy capabilities

India's commitment to considerably decrease carbon emissions and the developing global sentiment against hydrocarbons is directing public sector units active in the nation's energy sector to aggressively grow their renewable energy (RE) capabilities.

Bharat Petroleum Corporation Ltd (BPCL) has allotted Rs 25,000 crore to boost its RE portfolio by 2040. The firm that presently has an RE capacity of 45 megawatts (MW) is eventually looking at ramping it to 10 gigawatts (GW).

The move by BPCL comes about a month after ONGC inked an MoU with the Solar Energy Corporation of India (SECI) to roll out renewable as well as environmental, social and governance (ESG) projects. The global energy holding firm is additionally targeting a minimum of 10 GW of renewable power by 2040, even as it continues to concentrate on its core exploration and production (E&P) strength.

In India, the private sector had already taken the charge, but it is time that the public sector additionally lends a hand given the enormous size of unmitigated emissions with them. It is natural for the petroleum sector to get into verticals such as green hydrogen and wind and solar. It is additionally looking at blending petroleum fuels with ethanol, said Jigar Shah, CEO at merchant bank Maybank Kim Eng Securities India.

Signatories to the 2015 Paris Agreement have committed to decreasing their emission intensity to guarantee that global temperatures don't increase over 1.5 degree Celsius by 2050. Since then, significant initiatives have been underway in fossil fuel-based enterprises such as oil and gas, coal and transportation.

Image Source

India's commitment to considerably decrease carbon emissions and the developing global sentiment against hydrocarbons is directing public sector units active in the nation's energy sector to aggressively grow their renewable energy (RE) capabilities. Bharat Petroleum Corporation Ltd (BPCL) has allotted Rs 25,000 crore to boost its RE portfolio by 2040. The firm that presently has an RE capacity of 45 megawatts (MW) is eventually looking at ramping it to 10 gigawatts (GW). The move by BPCL comes about a month after ONGC inked an MoU with the Solar Energy Corporation of India (SECI) to roll out renewable as well as environmental, social and governance (ESG) projects. The global energy holding firm is additionally targeting a minimum of 10 GW of renewable power by 2040, even as it continues to concentrate on its core exploration and production (E&P) strength. In India, the private sector had already taken the charge, but it is time that the public sector additionally lends a hand given the enormous size of unmitigated emissions with them. It is natural for the petroleum sector to get into verticals such as green hydrogen and wind and solar. It is additionally looking at blending petroleum fuels with ethanol, said Jigar Shah, CEO at merchant bank Maybank Kim Eng Securities India. Signatories to the 2015 Paris Agreement have committed to decreasing their emission intensity to guarantee that global temperatures don't increase over 1.5 degree Celsius by 2050. Since then, significant initiatives have been underway in fossil fuel-based enterprises such as oil and gas, coal and transportation. Image Source

Next Story
Infrastructure Transport

Metro Line 2B Phase 1 to Boost Realty in Mumbai’s Eastern Suburbs

Mumbai’s real estate sector is set for a major boost as Phase 1 of Metro Line 2B, between Mandale and Diamond Garden, nears completion. The Mumbai Metropolitan Region Development Authority (MMRDA) has confirmed that mandatory rectifications are done, and inspections by the Commissioner of Metro Railway Safety (CMRS) have been carried out. The 5.39-km stretch with five stations forms part of the larger DN Nagar–Mandale corridor, designed to ease congestion and improve east–west connectivity. Passenger operations are expected by December 2025, with the full line slated for 2027. ..

Next Story
Resources

WattPower wins Best Inverter award at Global Solar Expo 2025

WattPower, a leading renewable energy solutions provider, has won the award for “Best Inverter in the Utility Segment” at the Global Solar Expo 2025. The recognition underscores the company’s commitment to delivering reliable, high-performance and future-ready solar solutions for large-scale projects. At the forefront of utility-scale solar, WattPower manufactures advanced string inverters that directly feed power into the Indian grid. With robust technology, high-quality components and comprehensive product lifecycle support, its solutions stand among the most sophisticated in the ..

Next Story
Real Estate

Awfis delivers 67,000 sq. ft. innovation hub for eBay in Bengaluru

Awfis Space Solutions, India’s largest flexible workspace provider and the first publicly listed workspace solutions platform, has partnered with eBay to establish a 67,000 sq. ft. innovation hub at Embassy Tech Village, Bengaluru. The mandate covers design, build and management of the new office, which will act as a strategic hub supporting diverse functions and accelerating eBay’s AI-first commerce strategy. The centre will focus on artificial intelligence, engineering, product development and applied research, strengthening eBay’s growth in India. Embassy Tech Village, North Beng..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?