{"id":16734,"date":"2026-01-30T13:33:40","date_gmt":"2026-01-30T13:33:40","guid":{"rendered":"https:\/\/roydadnaft.ir\/English\/?p=16734"},"modified":"2026-01-30T13:33:40","modified_gmt":"2026-01-30T13:33:40","slug":"indias-bpcl-looks-overseas-for-renewable-energy-acquisitions-investments","status":"publish","type":"post","link":"https:\/\/roydadnaft.ir\/English\/16734\/","title":{"rendered":"India\u2019s BPCL looks overseas for renewable energy acquisitions, investments"},"content":{"rendered":"

RoydadNaft – <\/a><\/span>\u00a0India’s Bharat Petroleum Corp (BPCL) is scouting global opportunities, ranging from acquisitions to strategic investments in solar, wind and hydropower, a senior official at the state-run refiner said on Friday.<\/p>\n

The refiner is pursuing renewable energy alongside refinery expansions, stressing that conventional fuels will remain critical to meeting India’s fast-growing energy demand.<\/p>\n

“You have to keep pace with the growth. It is not either green or conventional; you have to go hand in hand,” Subhankar Sen, BPCL’s director (marketing), told Reuters on the sidelines of the India Energy Week conference.<\/p>\n

Companies in India, the world’s third-largest emitter of greenhouse gases, are investing billions of dollars to cut emissions, while also expanding fossil fuels as economic growth is expected to drive petrochemical and fuel demand.<\/p>\n

The nation has set a target of reaching net zero by 2070.<\/p>\n

Sen said BPCL has set up a dedicated mergers and acquisitions team to pursue opportunities.<\/p>\n

The strategy will complement BPCL’s expansion plans, as it targets building up to 2 gigawatts of renewable capacity by 2028.<\/p>\n

Updated on