• 3 minutes e-car sales collapse
  • 6 minutes America Is Exceptional in Its Political Divide
  • 11 minutes Perovskites, a ‘dirt cheap’ alternative to silicon, just got a lot more efficient
  • 2 days GREEN NEW DEAL = BLIZZARD OF LIES
  • 2 days The United States produced more crude oil than any nation, at any time.
  • 8 days e-truck insanity
  • 3 days How Far Have We Really Gotten With Alternative Energy
  • 7 days Oil Stocks, Market Direction, Bitcoin, Minerals, Gold, Silver - Technical Trading <--- Chris Vermeulen & Gareth Soloway weigh in
  • 6 days James Corbett Interviews Irina Slav of OILPRICE.COM - "Burn, Hollywood, Burn!" - The Corbett Report
  • 6 days The European Union is exceptional in its political divide. Examples are apparent in Hungary, Slovakia, Sweden, Netherlands, Belarus, Ireland, etc.
  • 8 days Biden's $2 trillion Plan for Insfrastructure and Jobs
  • 8 days "What’s In Store For Europe In 2023?" By the CIA (aka RFE/RL as a ruse to deceive readers)
  • 11 days Bankruptcy in the Industry
Latin American Geothermal Investments Set to Surge

Latin American Geothermal Investments Set to Surge

Latin America holds vast untapped…

Energy Stocks Rally Under The Radar

Energy Stocks Rally Under The Radar

Big Oil is trumping the…

World’s Largest Coal Company Invests in Solar Power to Reduce Energy Costs

The world’s largest coal company has announced that it will invest in the installation of solar PV panels in an attempt to reduce energy bills and cut costs.

Coal India, the largest coal mining company in the world and responsible for producing 90% of India’s coal, has said that it will build a 2 megawatt solar plant which will have the potential to be scaled up to supply excess electricity to the grid. Think progress reported that plans also exist to install rooftop solar panels at the Ranchi Central Mine Planning and Design Institute, along with several other facilities around the country.

Coal India stated that, “India has an abundance of sunshine and the trend of depletion of fossil fuels is compelling energy planners to examine the feasibility of using renewable sources of energy like solar, wind, and so on.”

Related article: Solar Crisis: Cheap Chinese Solar Panels Prove Defective

India has been famously suffering from energy problems for a while, with constant blackouts plaguing many of its citizens, resulting from the failed attempts to expand the national grid. Solar power generally offers India the chance to solve its electricity problems, as rural communities can generate their own power from local solar arrays. The potential is great that it is unsurprising really that Coal India has decided to invest in such an energy source.

Last year Pike Research predicted that the global mining industry would invest $20 billion in renewable energy by 2020; Coal India may be the first big company to commit to this course of action.

By. Joao Peixe of Oilprice.com



Join the discussion | Back to homepage



Leave a comment

Leave a comment

EXXON Mobil -0.35
Open57.81 Trading Vol.6.96M Previous Vol.241.7B
BUY 57.15
Sell 57.00
Oilprice - The No. 1 Source for Oil & Energy News