Coal and lignite businesses have planned to install an extra 5,560 megawatt (MW) of renewable capacity in India with an investment of over Rs 15,000 crore to contribute to India’s pledge to raise non-fossil energy capacity to 500 gigawatts (GW) by 2030, according to the coal ministry.
This will bring the total capacity built to 7 GW. According to the ministry, Coal India (CIL) alone plans to install 3 GW of solar power in the next five years to meet its net zero goal.
India has made a significant step toward consolidating its commitment to renewable energy with Prime Minister Narendra Modi’s recent announcement at COP26 of new climate targets under the ‘Panchamrit Strategy.’
