CIL announces formation of subsidiaries for strengthening PV and RE related projects.

By 2040, solar energy will have surpassed coal's share of India's power generation mix.

Coal India Limited has the money and technology. To help power its mining operations, state-owned company plans to invest 56.50 billion by March'24 in 14 solar projects. On Dec 24,2020, Board of Directors had approved an expansive diversification strategy for state-run company, which functioned as coal miner to make step towards preparing Coal India for the time when coal would exit India's energy manufacturing. In most of mix. Although coal accounts for 70% of India's power instead of taking technology or generation and solar for just capital risk, they are proposing 4%, solar energy is likely to the formation of an SPV, then witness exponential growth obtaining all clearances, and and match coal's share in the thereafter offering to a partner Indian power generation mix who can invest the majority of by 2040 or earlier.

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