Coal India Limited and AM Green Partner for India's Largest Renewable Energy Supply Contract
Key Ideas
- Coal India Limited plans to supply 4500 MW of carbon-free energy to AM Green's green ammonia facilities through a combination of solar and wind power.
- AM Green aims to produce 5 million tons per annum of green ammonia by 2030, aligning with India's National Green Hydrogen Mission.
- The partnership signifies a significant step towards India's cleaner energy mix and transition towards net-zero emissions.
- The agreement includes exploring potential wind project sites in southern states and setting up solar plants in sunny states like Gujarat and Rajasthan.
In a groundbreaking move, Coal India Limited (CIL) and AM Green have entered into one of the world's largest renewable energy contracts, aiming to supply 4500 MW of carbon-free energy to AM Green's upcoming green ammonia facilities. The supply will come from a mix of solar and wind power, with capacities to be set up across India. This initiative is part of India's commitment to achieving a cleaner energy mix and moving towards net-zero emissions. The agreement, formalized through a MoU, outlines plans for CIL to provide 2500-3000 MW of solar power and 1500-2000 MW of wind power, with an estimated investment of around Rs. 25,000 Crores. AM Green, backed by the founders of Greenko Group, targets to produce 5 million tons per annum of green ammonia by 2030, contributing significantly to India's green hydrogen production target. The partnership also involves integrating pumped hydro storage to ensure a steady supply of green energy. The collaborative efforts between CIL and AM Green mark a crucial milestone in India's sustainable energy landscape, emphasizing the importance of transitioning to renewable sources and reducing carbon emissions.
Topics
India
Renewable Energy
Energy Transition
Decarbonization
Sustainable Future
Green Ammonia
Renewable Assets
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