ReNew, a renewable energy company, has partnered with JERA, a global energy player, to explore the development of a green ammonia production project in India.
The agreement between ReNew's subsidiary, ReNew E-Fuels Private Limited, and JERA aims to evaluate the feasibility of a power-to-x project in Paradip, Odisha, powered by 500MW of renewable electricity. This project will focus on producing green hydrogen, a crucial feedstock for green ammonia.
By 2030, the project is anticipated to have an annual production capacity of approximately 100,000 tons of green ammonia, with JERA securing the right to offtake this ammonia for use in Japan.
A joint study will be conducted to assess the commercial viability of the project, leveraging ReNew's expertise in renewable energy development and JERA's experience in building full value chains.
Sumant Sinha, Founder, Chairman, and CEO of ReNew, expressed enthusiasm about the collaboration: “This collaboration marks an exciting time for both ReNew and JERA, and demonstrates our commitment to accelerating the clean energy transition. Green ammonia holds immense potential in reducing carbon emissions, and the project, once operational, will contribute to a cleaner future and support India's National Green Hydrogen Mission.”
Yukio Kani, Global CEO and Chair of JERA, highlighted the significance of the partnership: “Since 2017, JERA has maintained a strong partnership with ReNew, and we are pleased to expand this collaboration to the next level with our first green hydrogen and ammonia development project. This joint development agreement represents a significant milestone, moving us closer to realizing a decarbonized society, with a focus on the sustainability, affordability, and stability of future energy.”
This collaboration aligns with India's ambitious National Green Hydrogen Mission, which aims to produce five million tons of green hydrogen per year by 2030, positioning India as a leading green hydrogen hub globally. Japan, on the other hand, is intensifying its efforts to transition to clean energy.
Both companies recognize India as a country with vast potential for solar and wind power, making it an ideal location for advancing their green energy initiatives.
