Indian Economy News

Coal Sector Aims to Ramp up Renewable Energy Capacity to Over 9 GW by 2030.

Aligned with Prime Minister, Mr. Narendra Modi's commitment to achieving net-zero carbon emissions by 2070, the Ministry of Coal is vigorously advancing renewable initiatives to reduce carbon footprints. The ministry aims to achieve net-zero electricity consumption for Coal/Lignite Public Sector Undertakings (PSUs) by promoting rooftop and ground-mounted solar projects in mining facilities and establishing solar parks in reclaimed mining areas. These efforts resonate with the government's updated target to achieve 50% of cumulative electric power from non-fossil fuel-based sources by 2030. Leading coal companies like Coal India Limited and NLC India Limited have an installed solar capacity of around 1700 MW, with plans to elevate renewable energy capacity to over 9 GW by 2030, showcasing a strong commitment to sustainability and environmental stewardship.

To minimize the carbon footprint in mining, the Ministry has directed coal companies to accelerate the adoption of solar energy solutions, including rooftop solar panels on government buildings and solar projects in de-coaled areas. With an emphasis on reducing environmental impact, this "Net Zero" electricity consumption plan contributes to climate change mitigation and stimulates technological innovation, fostering economic growth and employment opportunities. As India strides towards a greener future, the Ministry of Coal's strategic initiatives aim to set a gold standard for sustainable energy practices, serving as a beacon for other sectors to follow suit and promoting socio-economic development with enhanced global competitiveness.

Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.