+
CIL to Invest $3 Bn in Clean Energy to Strengthen Renewables
POWER & RENEWABLE ENERGY

CIL to Invest $3 Bn in Clean Energy to Strengthen Renewables

Coal India announced plans to establish clean energy projects with a combined capacity of approximately 4.5 gigawatts, at an estimated investment of Rs 250 billion (around $3 billion), as part of its commitment to achieving net-zero carbon emissions from its operations.

The state-run mining company has been gradually shifting its focus away from coal, a major source of pollution but still essential for meeting India’s current energy requirements. This transition aligns with the country's broader goal of reaching net-zero emissions by 2070.

The company revealed that it intends to supply clean energy, generated through solar and wind power projects, to AM Green Ammonia (India)'s upcoming green ammonia facilities. However, it did not specify a timeline for the development of these projects.

AM Green, backed significantly by the founders of India’s Greenko Group, has set a target to produce 5 million tons per annum (MTPA) of green ammonia by the year 2030.

Coal India’s move into clean energy comes at a time when it is also expanding its coal-based power capacity. This shift is occurring alongside rising electricity demand driven by climate change and rapid industrialisation.

To address the growing energy needs, India plans to increase its coal-fired power capacity by 80 gigawatts by 2031-32, up from the current 222 GW. Simultaneously, the country aims to scale up its clean energy capacity to at least 500 GW by 2030, compared to 172 GW at present.

Despite these ambitions, the renewable energy sector in India continues to face significant challenges, including limited interest in tenders, difficulties in acquiring land, delays in finalising power purchase agreements, and frequent project cancellations.

News source: Business Standard

Coal India announced plans to establish clean energy projects with a combined capacity of approximately 4.5 gigawatts, at an estimated investment of Rs 250 billion (around $3 billion), as part of its commitment to achieving net-zero carbon emissions from its operations. The state-run mining company has been gradually shifting its focus away from coal, a major source of pollution but still essential for meeting India’s current energy requirements. This transition aligns with the country's broader goal of reaching net-zero emissions by 2070. The company revealed that it intends to supply clean energy, generated through solar and wind power projects, to AM Green Ammonia (India)'s upcoming green ammonia facilities. However, it did not specify a timeline for the development of these projects. AM Green, backed significantly by the founders of India’s Greenko Group, has set a target to produce 5 million tons per annum (MTPA) of green ammonia by the year 2030. Coal India’s move into clean energy comes at a time when it is also expanding its coal-based power capacity. This shift is occurring alongside rising electricity demand driven by climate change and rapid industrialisation. To address the growing energy needs, India plans to increase its coal-fired power capacity by 80 gigawatts by 2031-32, up from the current 222 GW. Simultaneously, the country aims to scale up its clean energy capacity to at least 500 GW by 2030, compared to 172 GW at present. Despite these ambitions, the renewable energy sector in India continues to face significant challenges, including limited interest in tenders, difficulties in acquiring land, delays in finalising power purchase agreements, and frequent project cancellations. News source: Business Standard

Related Stories

Gold Stories

Next Story
Real Estate

Peninsula Land launches 19 luxury villas in Pune

Pune’s residential landscape is witnessing a shift as premium homebuyers increasingly seek larger spaces, privacy and independent living options beyond high-rise apartments. Addressing this demand, Peninsula Land Limited, part of the Ashok Piramal Group, has launched AshokVillas, an exclusive collection of 19 premium furnished villas in Gahunje, Pune.The development combines the independence of a standalone home with the convenience and security of a managed residential community. Designed around low-density horizontal living, AshokVillas offers residents private spaces while providing acces..

Next Story
Infrastructure Urban

MyBranch Expands South India Network with 16 Workspace Centres

MyBranch has expanded its South India presence with a 50,000 sq ft flexible workspace network comprising 16 centres across 14 cities in Andhra Pradesh, Karnataka, Tamil Nadu and Telangana.The expansion reflects growing demand for flexible office infrastructure as businesses establish regional teams, satellite offices and operations beyond traditional metropolitan markets. MyBranch’s network spans Bengaluru, Coimbatore, Guntur, Hanamkonda, Hubballi, Hyderabad, Madurai, Mangaluru, Rajahmundry, Salem, Tirupati, Vellore, Vijayawada and Visakhapatnam, with a large office space in Chennai also und..

Next Story
Building Material

Walplast Launches Moisture-Resistant Gypsum Plaster Solutions

Walplast Products Pvt. Ltd. has expanded its HomeSure GypEx portfolio with the launch of GypEx MoistShield and GypEx Gold, two gypsum plaster solutions designed to address moisture-prone applications and improve plastering efficiency.The new products have been developed in response to the growing demand for faster construction processes, improved material performance and consistent surface quality. The solutions aim to simplify interior plastering while addressing specific application requirements across construction environments.“Through HomeSure GypEx MoistShield and GypEx Gold, we are exp..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code