Hindustan Petroleum Corporation (HPCL), has signed a Memorandum of Understanding (MoU) with Solar Energy Corporation of India (SECI). a company of the Ministry of New and Renewable Energy, government of India, established to facilitate the implementation of the National Solar Mission, which envisages cooperation and collaboration in the field of renewable energy, electric mobility, and alternative fuels including the development of ESG Projects.

The MoU was signed by Shuvendu Gupta, chief general manager- Biofuels & Renewables, HPCL, and Sanjay Sharma, executive director, SECI.

Solar Energy Corporation of India has been at the forefront of renewable energy capacity development and has been credited for bringing the lowest tariffs in the country. It is engaged in the promotion and development of various renewable energy resources, especially solar/wind energy, renewable energy-based storage systems, waste to energy, trading of power, R&D Projects as well as renewable energy base products like green hydrogen, green Ammonia, renewable energy-powered electric vehicles among others.

line with the government of India’s objective of renewable energy capacity development and faster adoption of electric mobility in the Country, HPCL intends to further diversify in the sector and electric mobility sector and to take up the development of ESG projects.