Bharat Petroleum Corp. Ltd (BPCL) plans to build 240 MW of solar and wind farms with an investment of INR 1,600 crore ($195 million) this fiscal, Sukhmal Jain, Director (Marketing) at BPCL, told the daily newspaper The Economic Times. It will develop this capacity across three states, Madhya Pradesh, Maharashtra, and Uttar Pradesh.
Bharat Petroleum eyes net-zero for its refinery operations and the power it consumes by 2040, under Scope 1 and 2, respectively. To meet its climate commitments, it plans to build a renewable energy capacity of 1 GW by 2025 and 10 GW by 2040.
The company said it will initially build RE projects to meet the power requirement for its refineries, which is around 350 MW. Going forward, it plans to participate in RE tenders. Construction of around 50 MW of solar plants is already underway at BPCL facilities.
This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact: editors@pv-magazine.com.
By submitting this form you agree to pv magazine using your data for the purposes of publishing your comment.
Your personal data will only be disclosed or otherwise transmitted to third parties for the purposes of spam filtering or if this is necessary for technical maintenance of the website. Any other transfer to third parties will not take place unless this is justified on the basis of applicable data protection regulations or if pv magazine is legally obliged to do so.
You may revoke this consent at any time with effect for the future, in which case your personal data will be deleted immediately. Otherwise, your data will be deleted if pv magazine has processed your request or the purpose of data storage is fulfilled.
Further information on data privacy can be found in our Data Protection Policy.