Coal India appears likely to develop 1 GW of solar PV. The state-owned miner, touted as the world’s largest producer of coal, is expected to tender for 800 MW of solar projects, additional to an earlier tender for 200 MW.
The falling cost of solar is attracting interest from unlikely quarters. With its fast growing economy and thirst for energy, the Indian solar sector is taking off, with the latest development an anticipated 800 MW tender to be launched by Coal India.
The company has been sharply ramping its coal production in recent years, having mined some 494 million tonnes of coal in the fiscal year 2014/15, representing 6.9% YoY growth.
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