Bharat Petroleum Corporation Limited (BPCL) is planning to set up 240 MW of renewable power capacity at the cost of Rs 16 billion in 2023-24.
The company plans to set up solar and wind energy farms in Uttar Pradesh, Madhya Pradesh, and Maharashtra. Approximately, 50 MW solar projects are already under construction at BPCL’s facilities. The company is targeting a captive requirement for its refineries first, which is approximately 350 MW. The company is planning to bid for industry tenders going forward.