Coal India's Partnership for Green Energy Future in India
Key Ideas
- Coal India Ltd plans to supply 4500 MW of carbon-free energy to AM Green Ammonia's upcoming facilities in India through solar and wind power.
- The total investment for the renewable energy projects is estimated at Rs 25,000 crore, targeting a greener and more sustainable future in energy production.
- AM Green aims to produce 5 million tonnes of green ammonia annually by 2030, emphasizing their commitment to becoming a competitive producer of green hydrogen and other green molecules.
- Despite a slight dip in revenue, CIL reported a 12% increase year-on-year in profit for the January-March 2025 quarter, showcasing positive financial performance.
Coal India Ltd (CIL) has revealed plans to supply 4500 MW of carbon-free energy to AM Green Ammonia (India) Pvt Ltd's future facilities through a combination of solar and wind power across India. The solar capacity is expected to range from 2500 MW to 3000 MW, while wind power will be between 1500 MW to 2000 MW, with a total investment of Rs 25,000 crore. CIL and AM Green signed a non-binding MoU for long-term renewable energy supply and storage through pumped hydro. CIL's Chairman emphasized a proactive approach towards a greener future while maintaining coal as the primary energy source in the short term. AM Green, founded by Greenko's founders, aims to be a significant producer of green ammonia and green hydrogen by 2030. Despite a slight decrease in revenue, CIL's profit saw a 12% increase YoY in the January-March 2025 quarter. The partnership showcases a positive step towards sustainability and green energy production in India.