ReNew and JERA will jointly evaluate green ammonia projects in Odisha
Nasdaq-listed ReNew Energy Global plc has signed an agreement with JERA Co., the Japanese power generation giant, to jointly develop a green ammonia production facility in India. ReNew said in a public statement that its subsidiary, ReNew E-Fuels Private Limited, and JERA will jointly evaluate the development of a green ammonia production project in Paradip, Odisha.
A joint study will be conducted to evaluate the commercial viability of the project, the company said.
“The project will use approximately 500 MW of renewable energy with a high capacity utilization factor (CUF) to produce green hydrogen, a key feedstock for green ammonia. The project is likely to have a production capacity of approximately 100,000 tons of green ammonia per year by 2030. ,” the company’s statement said Thursday.
It was further said that JERA will have the right to purchase this green ammonia for Japan.
Sumant Sinha, Founder, Chairman and CEO of ReNew, said: “This collaboration marks an exciting time for both ReNew and JERA, and demonstrates our commitment to accelerating the clean energy transition. Green ammonia has enormous potential in reducing carbon emissions and the project, once completed, will contribute to a cleaner future and support India’s National Green Hydrogen Mission.”
Yukio Kani, Global Chief Executive Officer and Chairman of JERA, said: “This joint development agreement represents a significant milestone and exciting progress that brings us one step closer to achieving a zero-carbon society, with a focus on sustainability, affordability and stability of future energy.”
In 2022, ReNew also signed a framework agreement with the Egyptian government to establish a green hydrogen plant with an investment of $8 billion in the Suez Canal Economic Zone.
ReNew also has a joint venture called GH4India Pvt Ltd with state-owned oil company Indian Oil Ltd and major L&T producer to jointly set up a green hydrogen business.
First print: April 18, 2024 | 5:48 PM IST