India's Green Energy Push: Coal India's Multi-Billion Investment in Renewable Energy
Key Ideas
- Coal India Limited (CIL) plans a $3 billion investment in 4.5 GW of renewable energy to increase India's green hydrogen and ammonia production.
- Partnership with AM Green aims for 2,500-3,000 MW of solar and 1,500-2,000 MW of wind energy generation to align with India's net-zero emissions goal by 2070.
- AM Green to integrate CIL's renewable energy with hydro pumped storage for its facilities, aiming to become a cost-competitive green hydrogen and ammonia producer.
- Despite the renewable energy focus, CIL remains committed to coal operations, with plans to expand coal-fired generation and invest in coal-fired power plants.
Coal India Limited (CIL) has announced a massive investment of around $3 billion in renewable energy, aiming to build up to 4.5 GW of capacity. A memorandum of understanding was signed with AM Green, a major ammonia producer, to enhance India's green hydrogen and ammonia production capabilities. The collaboration includes plans for solar and wind energy generation totaling 2,500-3,000 MW and 1,500-2,000 MW, respectively, with sites considered in different regions of India. The move aligns with India's goal of achieving net-zero carbon emissions by 2070. The partnership with AM Green, supported by Greenko Group, aims to be a leading producer of green hydrogen and ammonia globally.
CIL's chairman, P M Prasad, highlighted the company's commitment to a sustainable future while emphasizing the importance of coal in meeting India's current energy demands. The company plans to play a proactive role in both traditional coal operations and renewable energy development. Despite the significant investment in renewables, CIL remains dedicated to expanding coal-fired power generation, with plans to increase capacity by 80 GW by 2032. The company aims to invest in coal-fired power plants while continuing its coal mining operations.
The collaboration with Damodar Valley Corp. focuses on expanding the Chandrapura Thermal Power Station, supporting India's energy needs. CIL's long-term strategy involves diversifying its business portfolio to include thermal power and renewable energy. India's energy landscape showcases a dual focus on coal and renewable energy, with the government aiming to increase coal-fired capacity to 222 GW by 2032 and renewable energy capacity to at least 500 GW by 2030.
Topics
Green Hydrogen
Renewable Energy
Sustainability
Investment
Energy Transition
Power Generation
Ammonia Production
Coal Operations
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