$3B Investment: Coal India to deploy ₹250B (~$3B) in 4.5 GW of solar and wind projects to support India’s green transition.
Strategic Partnership: Renewable energy to power AM Green’s 5 MTPA green ammonia plants; MoU signed for long-term supply.
Dual Approach: Coal India scales clean energy alongside India’s 80 GW coal capacity expansion, amid growing power demand.
Coal India Ltd. announced a bold pivot towards clean energy with plans to install approximately 4.5 gigawatts of renewable power—primarily solar and wind—at an estimated cost of ₹250 billion (around $3 billion).
The initiative is part of the company’s strategy to offset emissions and support India’s national goal of reaching net zero by 2070. The projects will primarily supply clean power to green ammonia production facilities under AM Green Ammonia (India), a company backed by the founders of Greenko Group.
“With our 4.5 GW renewable energy initiative, powered by solar and wind, and AM Green’s integration of pumped hydro storage, this project will ensure a steady supply of green energy,” Coal India stated. “This is a key step in our ongoing commitment to help India achieve its 500 GW renewable energy target by 2030.”
While no construction timeline was disclosed, the non-binding Memorandum of Understanding (MoU) signals a significant move toward clean industrial energy. The MoU was formalized between Coal India and AM Green representatives, including Shri Sudarsan Bora, GM (E&M), Solar, and Shri Shatanshu Agrawal, VP of Greenko, in the presence of Coal India Chairman Shri P.M. Prasad.
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“In a significant move towards sustainable energy, we have entered into a non-binding Memorandum of Understanding with AM Green Ammonia (India) Pvt. Ltd. for long-term agreement to supply renewable energy to AM Green’s green ammonia project in Kandla or other facilities,” the company said.
The announcement comes at a time of rapid industrialization and increased power demand in India, driven in part by climate change. Despite aggressive targets, the renewable energy sector continues to face challenges—ranging from land acquisition issues to weak demand in project tenders.
India’s broader energy roadmap includes expanding coal-fired capacity by 80 GW by 2031–32 from the current 222 GW, while simultaneously aiming to add at least 500 GW of renewable capacity by 2030.
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