NLC India Ltd. Aims for 10 GW Renewable Energy Capacity by 2030
Key Ideas
- NLC India Ltd. plans to increase its renewable energy capacity from 1.4 GW to 10 GW by 2030, aligning with India's push for renewable energy.
- The company has already commissioned a 10 MW solar power plant in Neyveli in 2015 and aims for major projects in Tamil Nadu, Rajasthan, Gujarat, and Assam.
- NLCIL has successfully generated 1234 crore units of Green energy and offset 1 crore tonnes of carbon dioxide emissions through its renewable energy projects.
- In addition to renewable energy, NLCIL is exploring Energy Storage Systems, green hydrogen, pumped storage hydro projects, and more for sustainability.
NLC India Ltd. (NLCIL) has announced ambitious plans to quadruple its current renewable energy capacity of 1.4 GW to 10 GW by 2030. The company commemorated its 10th anniversary in the renewable energy sector by inaugurating a 10 MW solar photovoltaic power plant in Neyveli in 2015. NLCIL's upcoming renewable energy projects will be concentrated in Neyveli (Tamil Nadu), Barsingsar (Rajasthan), Gujarat, and Assam, showcasing its commitment to Prime Minister Narendra Modi's call for a transition to renewable energy. Being the first Central Public Sector Enterprise (CPSE) to generate 1 GW of renewable energy, NLCIL has made significant strides in the sector. With 1380 MW of solar power plants and 51 MW of wind power plants, the company has produced 1234 crore units of Green energy, resulting in the offset of 1 crore tonnes of carbon dioxide emissions. Looking ahead, NLCIL's corporate plan aims for a substantial 10,000 MW of renewable energy capacity by 2030. Alongside renewable energy, the company is diversifying into Energy Storage Systems (ESS), green hydrogen, pumped storage hydro projects, lignite to methanol conversion, mine overburden to sand projects, and critical mineral exploration to promote sustainability and environmental responsibility.