Outdoor high cell-density microalgae cultivation is highly challenging due to unavailability of appropriate CO2 feeding strategy under diurnal sunlight intensities. Hence, a novel real time light based CO2 feeding strategy was firstly developed under diurnal simulated sunlight (LED) to test on Chlorella sp. in a 10 L scale bubble column photobioreactor. The strategy yielded a biomass titer of 5.12 g L-1 under simulated sunlight, far higher than existing biomass-density and pH-control based CO2 feeding strategies. In outdoor culturing, the proposed feeding strategy yielded high biomass titers of 6.8 and 9.0 g L-1 in growth-phase of two-stage and single-stage lipid induction studies respectively with same biomass productivity of 0.8 g L-1 day-1. Subsequently, two-stage lipid induction strategy of 6.8 g L-1 titer yielded biodiesel productivity of 120 g L-1 day-1, whereas single-stage strategy of 9.0 g L-1 titer was unable to induce lipid. Moreover, specific light availability affects the lipid production.