The state-owned mining company plans to invest nearly $3bn developing solar and wind capacity after signing a power purchase agreement with Hyderabad-based zero-carbon chemical company, AM Green.
AM Green said the generating sites would be split between northern and southern India.
“While the solar power capacity would be to the tune of 2.5GW to 3GW, wind is expected to account between 1.5GW and 2GW,” it said.
“Potential sites for wind projects will be explored in the southern states of the country. And, for solar plants, in the sunny states like Gujarat and Rajasthan.”
AM Green is planning to add pumped hydro energy storage to the mix to smooth out fluctuations in supply.
CIL managing director PM Prasad said coal remained the company’s mainstay in meeting India’s expanding energy needs in the near term, but that it would play “a proactive role in building a greener and more sustainable future”.
AM Green will use the energy to produce 5 million tonnes of green ammonia a year by 2030. This is around a fifth of the national target set out by the National Green Hydrogen Mission.
The hydrogen will be converted into fuel, fertiliser and other chemical products.
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