Coal India Limited to Supply 4500 MW of Carbon-Free Energy for Green Ammonia Facilities in India
Key Ideas
- Coal India Limited (CIL) plans to supply 4500 MW of carbon-free energy to AM Green's green ammonia facilities through a combination of solar and wind power, supporting India's transition to a cleaner energy mix.
- A formal MoU was signed between CIL and AM Green for long-term supply of renewable energy, with an estimated total investment of around Rs. 25,000 Crores, showcasing a significant commitment towards sustainability.
- AM Green aims to produce 5 million tons per annum of green ammonia by 2030, contributing to India's green hydrogen production targets and emphasizing the importance of green energy in the country's energy future.
- The partnership between CIL and AM Green highlights a major step towards achieving net-zero emissions and building a greener future, reflecting a positive stance towards renewable energy initiatives in India.
In a significant development, Coal India Limited (CIL) has announced plans to provide 4500 MW of carbon-free energy to the upcoming green ammonia facilities of AM Green. This initiative, which is set to be one of the largest renewable energy contracts globally, will be implemented using a mix of solar and wind power across India. The MoU signed between CIL and AM Green underscores a long-term commitment to sourcing renewable energy, with an investment projection of approximately Rs. 25,000 Crores.
The substantial solar and wind capacities to be set up by CIL will support the green energy requirements of AM Green's facilities, with a focus on ensuring a steady supply through pumped hydro storage integration. AM Green, backed by the founders of Greenko, aims to be a major player in green ammonia production, aligning its goals with India's National Green Hydrogen Mission.
The agreement represents a significant step towards achieving sustainability goals, with an emphasis on transitioning towards cleaner energy sources. The collaboration between CIL and AM Green signals a proactive approach towards building a greener and more sustainable energy ecosystem in India. This partnership not only supports the country's ambition of achieving a cleaner energy mix but also contributes towards its net-zero emissions targets, showcasing a positive outlook on renewable energy initiatives in the region.
Topics
India
Green Hydrogen
Renewable Energy
Sustainability
Energy Transition
Solar Power
Wind Energy
Green Ammonia
Agreement
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