State-owned group Coal India Ltd (BOM:533278) intends to install 1 GW of solar power capacity in an effort to lower the carbon footprint of its operations, according to Minister Piyush Goyal.
The plan is in line with the coal mining company’s strategy of achieving 10 GW of renewable power capacity, the minister of coal, mines and renewable energy said during a press briefing on Monday, as quoted by the Economic Times. He did not provide specific details about the photovoltaic (PV) project.
India has a target of 175 GW of renewable power capacity by 2022, including 100 GW of solar and 60 GW of wind. Government data shows that fiscal 2016/2017 was the first year in which renewable capacity additions exceeded those of conventional power and the country became a net exporter of electricity.
According to Bridge to India, the country installed 5.5 GW of utility-scale solar power capacity in the 12 months through March. This fiscal year, it is expected to add 8 GW.
Veselina Petrova is one of Renewables Now's most experienced green energy writers. For several years she has been keeping track of game-changing events both large and small projects and across the globe.