Sembcorp Industries, a leading energy and urban solutions provider, is exploring a partnership with Bharat Petroleum Corporation (BPCL) to collaborate on renewable energy and green hydrogen initiatives in India.
This collaboration aims to align with India’s growing focus on sustainability and decarbonization efforts. Both companies are looking at potential joint ventures or other forms of partnerships that could help drive forward their renewable energy goals.
The partnership could cover various areas, including solar power projects, wind energy, and the development of green hydrogen solutions. By leveraging each other’s strengths and expertise, Sembcorp and BPCL aim to make significant contributions to India’s renewable energy landscape.
India has set ambitious targets for renewable energy capacity, aiming for 175 GW by 2022 and 500 GW by 2030. To achieve this, the country is focusing on expanding solar and wind installations and exploring pioneering technologies like green hydrogen.
Green hydrogen is produced by splitting water into hydrogen and oxygen using renewable energy sources. It is considered crucial for decarbonizing sectors like transportation and heavy industry. Sembcorp and BPCL’s collaboration could expedite the adoption of green hydrogen solutions in India, aligning with global sustainability trends.
Sembcorp has a strong track record in renewable energy, with a significant portfolio of wind and solar assets in India. The company is well-positioned to assist in meeting India’s renewable energy targets and advancing green hydrogen technologies.
As one of India’s largest oil and gas companies, BPCL is diversifying its portfolio to include more renewable energy sources. Partnering with Sembcorp could enhance BPCL’s efforts to transition towards a more sustainable and environmentally friendly business model.
