Coal India (CIL) is planning to develop 20,000 M.W. of solar projects over the next 10 years.
It is estimated that at a per-MW cost of around Rs.4.5 crore, CIL will require an investment of around Rs 90,000 crore to set up this capacity. CIL already has 40,000 ha of land required to set up such a large solar capacity. India plans to achieve 175 G.W.of renewable energy capacity by 2022. Of this 100 G.W. is to come from solar projects.