Renew Energy Global plc, India’s foremost renewable energy enterprise, announced an initial agreement with JERA Co., Inc, Japan’s premier power generation entity, to collaboratively assess the potential for establishing a green ammonia production venture in India. As per the agreement, ReNew, via its subsidiary ReNew E-Fuels Private Limited, and JERA will jointly evaluate the development of a green ammonia production facility in Paradip, Odisha. The initiative will leverage around 500 MW of high-capacity utilization factor (CUF) renewable energy to generate green hydrogen, a crucial precursor for green ammonia.
The project is anticipated to achieve an annual production capacity of roughly 100,000 tons of green ammonia by 2030. JERA will hold the privilege to procure this green ammonia for Japan. A collaborative study will be conducted to assess the project's commercial feasibility. Over the past seven years, the two companies have forged a robust partnership, and the project will capitalize on ReNew's established proficiencies in renewable energy development and solutions, alongside JERA's proficiency in constructing comprehensive value chains.
Sumant Sinha, Founder, Chairman & CEO, ReNew said, "This collaboration marks an exciting time for both ReNew and JERA, and demonstrates our commitment in accelerating the clean energy transition. Green ammonia holds immense potential in reducing carbon emissions and the project, once ready, will contribute to a cleaner future and support India's National Green Hydrogen Mission".
Yukio Kani, Global CEO & Chair of JERA said, "Since 2017, JERA has maintained a strong partnership with ReNew, and we are pleased to expand this collaboration to the next level: the first green hydrogen and ammonia development project for JERA. This joint development agreement represents a significant milestone and an exciting advancement, moving us one step closer to realizing a decarbonized society with a focus on the sustainability, affordability, and stability of future energy".
This collaboration between the two firms is in line with India's ambitious National Green Hydrogen Mission and Japan's objectives for transitioning to clean energy. India's government targets an annual production of 5 million tons of green hydrogen by 2030, aiming to establish itself as the global leader in green hydrogen production. Simultaneously, Japan's government is strategizing new initiatives to expedite the shift towards clean energy. Both companies recognize India's considerable potential for solar and wind power generation.