Coal Giant Agrees $970 Million Deal in Chase to Add India Solar

State-run Coal India is targeting 3 gigawatts of solar generation capacity by fiscal 2024 from a current base of about 300 megawatts under implementation as it aims to diversify into new areas and prepare for a longer-term decline in demand for fossil fuels. Prime Minister Narendra Modi’s government aims to build 500 gigawatts of clean power capacity by 2030, and to ultimately become a global hub for solar, energy storage and green hydrogen.