Hindustan Petroleum Corp. Ltd (HPCL) and NTPC Green Energy Ltd have signed a memorandum of understanding (MoU) in the field of renewable energy and storage.
Under the MoU, HPCL and NTPC will cooperate and collaborate in the fields of renewable energy, energy storage projects, round-the-clock (RTC) power, electric mobility, solar-wind value chain, and meeting HPCL’s green power requirements by leveraging each other’s expertise.
The MoU is part of HPCL’s strategy to rapidly expand into the renewable energy domain to take up business opportunities in the RE sector and meet its internal requirements of RTC green power for its refineries, locations, retail outlets, and EV charging stations.
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