Oil India, RVUNL to Jointly Develop 1.2 GW Green Energy Projects in Rajasthan

In a strategic move to bolster India’s clean energy transition, Oil India Limited (OIL) has signed a Joint Venture Agreement (JVA) with Rajasthan Rajya Vidyut Utpadan Nigam Limited (RVUNL) to jointly develop 1.2 gigawatts (GW) of green energy projects in Rajasthan. This ambitious partnership will focus on setting up 1000 MW of solar and 200 MW of wind energy capacity within RVUNL’s expansive Renewable Energy Park.

A Clean Energy Leap for Oil India

Historically known for its oil and gas operations, Oil India has now stepped into the renewable sector with renewed vigor. This collaboration with RVUNL marks one of the company’s most significant forays into sustainable energy development. The joint venture will utilize,

• Oil India’s expertise in large-scale energy project execution
• RVUNL’s regional experience and infrastructure in power generation
• The aim is to provide clean electricity to DISCOMs and commercial users and explore green hydrogen and storage-based solutions as part of the long-term roadmap.

Strategic Implications for India’s Green Goals

The partnership aligns with India’s broader push towards renewable energy targets of 500 GW by 2030. By combining solar and wind energy sources in a hybrid model, the project enhances both grid stability and renewable power efficiency.

The JVA signing took place in the presence of key energy officials, including,

• Devendra Shringi, CMD, RVUNL
• Ranjan Goswami, ED (Business Development), Oil India
• Ajitabh Sharma, Principal Secretary (Energy), Rajasthan
• Trailukya Borgohain, Director (Operations), Oil India

Expanding the Green Portfolio

This announcement follows another recent development where Oil India signed an MoU with Hindustan Copper Limited (HCL) for the exploration and development of critical minerals, including copper—an essential component for clean technologies such as electric vehicles and solar panels.

Oil India has also established OIL Green Energy Limited (OGEL), a fully owned subsidiary spearheading the company’s renewable mission. Under OGEL, the company is actively investing in,

• Solar and wind power
• Compressed biogas (CBG)
• Energy storage systems
• Green hydrogen development

Static Facts

• Entities Involved: Oil India Limited (OIL) and Rajasthan Rajya Vidyut Utpadan Nigam Limited (RVUNL)
• Project Type: 1.2 GW Green Energy (1000 MW solar + 200 MW wind)
• Location: Renewable Energy Park, Rajasthan
• Subsidiary Driving Renewables: OIL Green Energy Limited (OGEL)
• Recent Related Pact: Oil India & HCL MoU for strategic minerals