Connect with us

Hi, what are you looking for?


Green Economy

Indian Aluminium Company To Invest $100 Million In Renewable Energy

Another government-owned company in India has announced grand plans to increase investment in the renewable energy sector.

Following a government push to increase investment in renewable energy and meet renewable energy procurement targets, the National Aluminium Company Limited (NALCO) has announced plans to invest Rs 700 crore (over $100 million) towards development and implementation of renewable energy projects this year.

The company already has some renewable energy assets, mostly in the form of wind energy projects, and is now planning to add utility-scale as well as rooftop solar power projects to increase the share of renewable energy in its electricity consumption.

NALCO currently has an operational wind energy capacity of 98 MW from wind energy projects in the states of Rajasthan and Andhra Pradesh. The company is reportedly planning to set up two more large-scale wind energy projects. It also operates 260 kW of rooftop solar power capacity at its corporate office in the state of Odisha. The company, like many other public-sector companies in the country, is looking to develop large-scale solar power projects.

Electricity generated from these projects will be accounted for against the Renewable Purchase Obligation mandated by the government. India aims to have at least 15% of its total electricity consumption coming from renewable energy sources by 2022, including 8% from solar energy only.

The Indian government has directed several public sector companies and entities, like Coal India, the Indian Railways, the Indian armed forces, Neyveli Lignite Corporation, NTPC, NHPC, and several others, to contribute towards the solar power capacity target of 100 GW by March 2022 and also meet its renewable energy procurement targets.

Check out our brand new E-Bike Guide. If you're curious about electric bikes, this is the best place to start your e-mobility journey!
Appreciate CleanTechnica’s originality and cleantech news coverage? Consider becoming a CleanTechnica Member, Supporter, Technician, or Ambassador — or a patron on Patreon.
Have a tip for CleanTechnica, want to advertise, or want to suggest a guest for our CleanTech Talk podcast? Contact us here.

Written By

An avid follower of latest developments in the Indian renewable energy sector.


You May Also Like

Clean Power

Wallflowers no more: solid oxide fuel cells are ready to do the green hydrogen dance.

Clean Transport

Technology advances are breaking all kinds of patterns. One notable improvement is more that women are to be found in automotive workplaces in India,...

Clean Power

Welcome to another issue of our India x Cleantech series! On a monthly basis, we are pulling news from across clean technology sectors in...


As VinFast,  a Vietnamese EV company, announced its plan to open more than 50 stores across France, Germany, and Netherland at EVS35, the Audi...

Copyright © 2021 CleanTechnica. The content produced by this site is for entertainment purposes only. Opinions and comments published on this site may not be sanctioned by and do not necessarily represent the views of CleanTechnica, its owners, sponsors, affiliates, or subsidiaries.