Coal India Ltd to Power Green Ammonia Facilities: A Milestone in India's Renewable Energy Ambitions
Key Ideas
- Coal India Ltd and AM Green will sign a landmark renewable energy deal, supplying 4500 MW of carbon-free energy to green ammonia facilities.
- The collaboration aligns with India's vision of clean energy and net-zero emissions, with a total project investment of Rs 25,000 crores across solar and wind projects.
- AM Green plans to integrate solar and wind energy with pumped hydro storage for a steady green energy supply, aiming to produce 5 MTPA of green ammonia by 2030.
- Industry leaders from CIL and AM Green express commitment to a greener future, highlighting the significance of the MoU in India's renewable energy transformation.
Coal India Ltd (CIL) and AM Green are on the verge of signing a groundbreaking renewable energy contract, solidifying one of the world's largest deals in the sector. Under this agreement, CIL will provide 4500 MW of carbon-free energy to power AM Green's green ammonia facilities, utilizing a combination of solar and wind sources. This initiative reflects India's commitment to transitioning towards a cleaner energy mix and achieving net-zero emissions.
The recent signing of a non-binding MoU between CIL and AM Green outlines a long-term collaboration for sourcing renewable energy. CIL's contribution will comprise 2500-3000 MW from solar and 1500-2000 MW from wind energy, with a substantial investment of Rs 25,000 crores. The projects will be strategically located in southern states for wind energy and in Gujarat and Rajasthan for solar energy.
In a bid to ensure a continuous supply of green energy, AM Green plans to integrate the solar and wind power with pumped hydro storage systems. This integration will support AM Green's ambitious target of producing 5 million tons per annum of green ammonia by 2030, thus significantly contributing to India's green hydrogen objectives.
Noteworthy statements from industry leaders include CIL Chairman P M Prasad emphasizing the company's commitment to a greener future alongside its traditional coal operations. On the other hand, AM Green's founder, Anil Chalamalasetty, envisions the company becoming a key player in the global green hydrogen and green ammonia market, emphasizing cost-competitiveness.
The official signing of the MoU by key representatives from both CIL and AM Green marks a pivotal moment in India's renewable energy landscape, showcasing a strategic shift towards sustainable practices and renewable energy integration.