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.
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