BPCL to Invest Heavily in Renewables, Aims for 10 GW Capacity by 2035
Bharat Petroleum Corp. Ltd (BPCL) aims to build 2 GW of renewable energy capacity by 2025 and 10 GW by 2035. The company has invested over INR 1,300 crore in wind, solar, and green hydrogen projects, including 100 MW of wind power.
September 04, 2024. By EI News Network
Speaking at the meeting, he highlighted BPCL's commitment to transitioning to green energy, underscoring the company's strategy to diversify into renewable and sustainable projects. He also revealed that BPCL has committed to achieving net-zero carbon emissions by 2040, a target that will necessitate phased capital investments of approximately INR 1 lakh crore. BPCL is also moving ahead in green hydrogen projects, including a 5 MW electrolyser plant at Bina and a Green Hydrogen refuelling station at Kochi, featuring an indigenously developed electrolyser.
Further, BPCL has already invested approximately INR 1,000 crore in two 50 MW captive wind power plants in Maharashtra and Madhya Pradesh. These plants will provide clean energy for the company’s refineries in Mumbai and Bina. In addition, BPCL is allocating around INR 300 crore to a 72 MWp solar power project in Prayagraj, Uttar Pradesh. The company has collaborated with the Bhabha Atomic Research Centre (BARC) to develop an alkaline electrolyser, marking a significant step in its green hydrogen strategy.
BPCL is also making strides in the electric mobility sector, having installed more than 3,100 electric vehicle charging stations across India, with plans to expand this network to 7,000 stations, focusing on establishing 4-wheeler fast chargers at around 6,000 retail outlets across 400 highway corridors in the next 5 years. in the approaching years.
These initiatives align with BPCL’s broader vision of reducing carbon emissions and enhancing sustainable energy production in India.
please contact: contact@energetica-india.net.
Ragavendra Ravichandran
Co-Founder
Plugzmart Addressing EV Charging Bottlenecks in India with Smart Chargers
Prashant Singh
Co-Founder and CEO
Exploring E-Waste-to-Energy: Promising Technologies for Sustainable Power Generation
Manjula Girish
Business Head, EV Charging and Photovoltaic Inverter Division
Driving Sustainability: Delta Electronics' Vision for Renewable Energy and EV Charging
Dhiman Roy
CEO and Director
Breaking Barriers in Green Hydrogen: GreenH Electrolysis’ Vision for Industrial Decarbonisation
Nilabh Jha
Chief Technology Officer
Greenway Mobility Ensuring Affordable and Reliable EVs with its Buyback and Warranty Programs