Public sector enterprises gradually diversifying into green energy
Egged on by government incentives, the state owned enterprises (SOEs) are diversifying into green energy and building renewable energy portfolios.
In October this year, the Ministry of New & Renewable Energy (MNRE) urged all SOEs to prioritise renewable projects in their investment plans to cut carbon emissions. Many SOEs are now venturing into the clean energy space, including grid-connected renewable energy projects and behind-the-meter solar rooftop.
Coal India Ltd (CIL) has announced plans to develop 20 GW of solar capacity over 10 years at an estimated investment of Rs 1 trillion. It is also pumping investments into coal bed methane and underground coal gasification.
