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BPCL and Sembcorp Green Hydrogen India have launched a 50:50 joint venture to develop green hydrogen and renewable energy projects across India. Sembcorp already holds 6 GW of renewable assets in India, bolstering the JV’s potential scalability.
In a major development towards India’s energy transition, Bharat Petroleum Corporation Ltd (BPCL) has entered into a 50:50 joint venture agreement with Sembcorp Green Hydrogen India Private Limited to explore renewable energy and green hydrogen projects nationwide. The newly formed JV aims to support India’s target of achieving net zero emissions and fostering sustainable energy alternatives, including green ammonia and bunkering operations.
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BPCL and Sembcorp form a 50:50 joint venture to develop green hydrogen and renewables.
Focus on scalable green hydrogen, ammonia production, and clean energy solutions.
Sembcorp already owns 6 GW of renewable energy assets in India.
BPCL aims to achieve net zero emissions by 2040 with 10 GW RE capacity.
JV to also explore emission cuts at ports and other green fuel technologies.
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With India targeting 5 million metric tonnes of green hydrogen production annually by 2030, this JV holds strategic significance. Sembcorp’s existing 6 GW portfolio of solar, wind, and hybrid projects offers an operational edge for producing green hydrogen at scale. The JV will help decarbonise hard-to-abate industrial sectors through cost-effective solutions backed by strong infrastructure.
BPCL is actively expanding its green energy footprint with a goal to establish a 10 GW renewable energy capacity by 2040. This collaboration strengthens its commitment to sustainable development, offering a pathway to reduce emissions across energy, port operations, and logistics. The JV’s output could directly support both domestic consumption and export needs through green hydrogen derivatives like green ammonia.
Project Scope | Details |
Joint Venture Type | 50:50 JV between BPCL and Sembcorp Green Hydrogen India |
Focus Areas | Green hydrogen, green ammonia, renewable energy, bunkering, emissions reduction |
Renewable Capacity (Sembcorp) | 6 GW (solar, wind, hybrid) |
BPCL Renewable Target | 10 GW by 2040 |
Decarbonisation Goals | Net zero emissions by 2040 (BPCL), national energy transition goals |
The joint venture strengthens India’s energy transition strategy and offers new investment avenues. For investors, this could bring fresh momentum to the BPCL share price as the company pivots towards clean energy. The progress of the JV, coupled with policy support, may play a key role in shaping the BPCL share price trajectory and reinforcing its value among ESG-focused stakeholders.
As green hydrogen gains traction globally, BPCL’s collaboration with Sembcorp positions it strongly in the future-ready energy landscape. With robust renewable assets, innovative project pipelines, and long-term sustainability goals, the JV is set to contribute significantly to India’s decarbonisation mission.
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