Indian Oil Approves INR 1,086 Cr Equity Investment in Terra Clean to Develop 4.3 GW RE Projects
Indian Oil Corporation’s Board has approved an additional equity investment of INR 1,086 crore in its subsidiary Terra Clean to develop 4.3 GW of additional renewable energy projects, in addition to the already approved 1 GW RE capacity.
May 02, 2025. By Mrinmoy Dey
Terra Clean was incorporated on March 15, 2023. In April 2024, IOCL made an equity investment of INR 1303.75 crore in Terra Clean for implementation of 1 GW installed capacity of RE project.
These projects will encompass standalone ground-mounted solar installations, standalone onshore wind farms, or hybrid projects combining wind and solar energy at an estimated cost of INR 5,215 crore, the company stated in April 2024.
The company is consolidating its current green energy assets while expanding into new areas including biofuels, carbon offset initiatives, carbon capture, and green hydrogen. Its existing renewable energy portfolio totals 238.70 MW, comprising 167.6 MW of wind and 71.10 MW of solar capacity.
IOCL aims to scale up to 31 GW of renewable energy capacity by 2030 and achieve net-zero operational emissions by 2046.
please contact: contact@energetica-india.net.
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