BPCL, Sembcorp ink JV to develop green hydrogen, renewables in India
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Apr 08 2025
0mins
Source: Reuters
Joint Venture for Renewable Energy: Bharat Petroleum Corp (BPCL) has signed a joint venture with Sembcorp to develop green hydrogen and renewable energy projects in India, aiming to reduce reliance on fossil fuels and enhance clean energy capacity.
India's Clean Energy Goals: The partnership aligns with India's target of achieving 500 GW of non-fossil power capacity by 2030, including plans to produce 5 million tonnes of green hydrogen annually, requiring significant investments in renewable energy sources.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
