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