SECI-BPCL to take India to new frontiers of technology and scale, says Sharma
Bharat Petroleum Corporation Limited (BPCL) is aiming at 1GW of renewable energy portfolio by 2025 and 10GW by 2040, by tapping opportunities in the renewable energy space including solar, wind, electric mobility, hydrogen and waste-to-energy.
BPCL’s Head of Renewable Energy Business Amit Garg has signed an MoU with Solar Energy Corporation of India Limited (SECI) Executive Director Sanjay Sharma, allowing both organizations to collaborate and will help leverage each other’s expertise
“This collaboration harbingers a new area of engagement for our company, and will act as a catalyst to fast track our journey towards Net-Zero in Scope 1 and Scope 2 emissions. BPCL has an aspiration to have a portfolio of 1 GW of renewable power by 2025, and 10 GW by 2040,” BPCL C&MD Arun Kumar Singh said on 27 Dec 2021.
“Leveraging the skillsets and knowledge base of SECI will help us significantly in achieving these targets,” he added.
SECI Managing Director Suman Sharma added, “SECI is happy to associate with BPCL in this path-breaking initiative that will open new avenues of sustainable development, a move towards energy security and promises to take India to new frontiers of technology and scale.
“We are dedicated towards fulfilling India’s commitments of carbon neutral economy and look forward to a continuing partnership.”
India aims at 175 GW of Renewable Energy by 2022, which has been further scaled up to 500 GW by 2030. In order to achieve the national targets of solar power additions, there is a need to rapidly scale up efforts. Earlier, BPCL announced the roadmap to expand its portfolio of renewable energy with solar, wind and biofuels, and achieve Net Zero in Scope 1 and Scope 2 emissions by 2040. fiinews.com
