✅ OIL & RVUNL Join Hands for 1.2 GW Renewable Energy in Rajasthan

Oil India Limited (OIL), a Maharatna CPSE, and Rajasthan Rajya Vidyut Utpadan Nigam Limited (RVUNL) have signed a Joint Venture Agreement (JVA) in Jaipur to set up a 1.2 GW renewable energy portfolio, comprising: 1000 MW Solar 200 MW Wind The new Joint Venture Company will leverage OIL’s expertise in energy and RVUNL’s experience in power projects to deliver sustainable, green energy solutions. The focus will extend beyond solar and wind to green hydrogen and other clean technologies, supplying power to DISCOMs and commercial users. This step aligns with OIL’s net-zero carbon target by 2040, spearheaded through its subsidiary OIL Green Energy Limited (OGEL), which is driving initiatives in renewables, compressed biogas, energy storage, and green hydrogen. 👉 A major stride in advancing India’s green energy transition and creating a cleaner, sustainable future. 📌 Disclaimer: For informational purposes only. Not investment advice. 🔔 Follow me for more updates on energy, power, and sustainability developments.