BPCL-Sembcorp JV Taps Into 6GW Renewables Base to Fuel India’s Green Future

In a major development for India’s clean energy ambitions, Bharat Petroleum Corporation Limited (BPCL), has entered into a joint venture agreement with Sembcorp Green Hydrogen India Private Limited (SGHIPL), a wholly-owned subsidiary of Singapore-based Sembcorp Industries. The newly announced joint venture aims to spearhead projects focused on renewable energy, green hydrogen, and other low-carbon technologies across India. 

The agreement encompasses a wide spectrum of initiatives. These include developing green hydrogen production facilities, green ammonia generation and bunkering infrastructure, emissions reduction strategies for port operations, and exploring other emerging technologies in the green fuel space. The joint venture is also expected to assess the commercial viability of large-scale renewable energy projects to power these clean fuel initiatives.

Sembcorp, which currently operates 6 gigawatts (GW) of renewable energy assets in India, brings considerable expertise in renewable deployment and low-carbon technologies. This includes operational experience in solar, wind, and hybrid energy systems. BPCL, on the other hand, contributes its deep infrastructure network, extensive industrial experience, and strategic presence across India’s energy value chain.

Green hydrogen and ammonia are widely regarded as critical components of future energy systems, particularly for decarbonising hard-to-abate sectors such as refining, shipping, and heavy industry. The Indian government has placed a significant policy focus on promoting green hydrogen through the National Green Hydrogen Mission, with a target of producing 5 million tonnes of green hydrogen annually by 2030.

BPCL’s diversification into green energy is in line with its broader strategy to achieve net-zero emissions in the Scope 1 and Scope 2 categories by 2040. The company has announced plans to invest in 10 GW of renewable energy capacity and expand its presence in the electric mobility and alternative fuels segments.