Coal India Shifts Towards Renewable Energy Through Partnership with AM Green
Key Ideas
- Coal India Limited (CIL) signs a significant renewable energy agreement with AM Green for the supply of 4,500 MW, indicating a strategic shift towards lower-emission energy sources.
- The agreement involves a split between solar (2,500-3,000 MW) and wind (1,500-2,000 MW) capacity, with an estimated investment of INR25,000 Crores ($3.00bn) focusing on states like Gujarat and Rajasthan for solar and southern Indian states for wind.
- AM Green plans to produce 5 million tonnes of green ammonia annually by 2030, which includes around 1 million tonnes of green hydrogen per year, aligning with India's National Green Hydrogen Mission.
- The partnership aims to ensure consistent energy supply through an integrated approach using solar, wind, and pumped hydro storage systems, contributing to a more diversified energy future and strengthening industrial green molecule production.
Coal India Limited (CIL) has signed a non-binding memorandum of understanding with AM Green for the supply of 4,500 MW of renewable energy, showcasing a shift towards lower-emission sources. The agreement outlines a distribution of solar and wind capacity, with planned investments in sun-rich states like Gujarat and Rajasthan for solar installations and southern Indian states for wind farms. The energy output will be delivered to AM Green in phases, integrating solar and wind sources with pumped hydro storage systems for consistent supply. AM Green, a company aiming to produce green ammonia and hydrogen, plans to leverage this energy supply to enhance its industrial capacity. The agreement aligns with CIL's strategy to diversify its energy portfolio beyond coal, aiming for a more sustainable future. This partnership signifies a step towards India's goal of green molecule production, contributing significantly to the National Green Hydrogen Mission. The collaboration emphasizes an integrated approach to energy, focusing on green and sustainable practices for industrial development.
Topics
Green Hydrogen
Renewable Energy
Investment
Energy Transition
Solar Power
Partnership
Wind Energy
Green Ammonia
Industrial Capacity
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