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Coal giants to build 3GW of solar in India

Coal India has been told to become a zero carbon company. Source: Vkramdeep Sidhu

Coal India has been told to become a zero carbon company. Source: Vkramdeep Sidhu

Two of India’s coal giants will develop 3GW of solar in the country through a new joint venture company.

NLC India and Coal India will invest around US$1.6 billion to install the new capacity within the next 15 months. The new JV will be split 50:50 between the two parties.

Coal India has been set a mandate by the government to become zero carbon. Curiously the agreement also includes the construction of 2GW of thermal power assets.

The solar farms will, as much as possible, be built on existing barren land owned by Coal India.

"This is a synergistic step, combining the resources of both the companies for a common goal. CIL will be riding the core technical expertise of NLCIL in thermal power generation and Solar PV Power," an unnamed Coal India official was quoted as saying in a statement released to the Bombay Stock Exchange. 

Tags: india, pv power plants, finance, investment, coal india

LONGi Solar launches next generation Hi-MO 5 module series

  • Jul 16, 2020
  • WEBINAR
  • PV Tech Event

PV Tech is hosting a TechTalk Product Series webinar with LONGi Solar to help PV project developers, asset owners and interested parties become aware of the latest in utility-scale PV panel technology, performance and size that is redefining LCOE metrics.

LONGi Solar launches next generation Hi-MO 5 module series

Opportunities for utility solar and storage across the UK and Ireland

  • Jul 07, 2020
  • WEBINAR
  • PV Tech Event

The UK and Ireland markets are seeing multi-GW of pipelines being planned for new utility-scale solar and energy storage during the next few years. These complementary sectors are starting to form new built portfolios for some of the leading global developers and long-term owners. This webinar - featuring presentations from Finlay Colville and Lauren Cook - will explain what is driving the uptick in new project planning, a breakdown of the pipelines by pre-build status, and which companies are behind the new projects.

Opportunities for utility solar and storage across the UK and Ireland

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  • Oct 28 - Oct 29, 2020
  • Penang, Malaysia
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Understand fully the technical and logistical supply chains that determine the production and performance of solar modules, including all related factors impacting quality, reliability & bankability.

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