Coal India's Green Power Pact with AM Green for Renewable Energy Supply
Key Ideas
- Coal India signs MoU to provide 4,500MW of renewable power to AM Green's green ammonia facilities, marking one of the world's largest renewable energy contracts.
- CIL to invest around ₹25,000 crore to establish solar and wind capacities to fulfill the contract, focusing on southern and sunny states in India.
- AM Green aims to produce 5 million tonnes per annum of green ammonia by 2030, contributing significantly to India's green hydrogen production targets.
- AM Green plans to become a cost-competitive producer of green hydrogen, green ammonia, and other green molecules, fostering a sustainable energy future.
Coal India Ltd has diversified its operations by signing a memorandum of understanding (MoU) with AM Green to supply 4,500MW of renewable power to the latter's green ammonia facilities. This marks one of the largest renewable energy contracts globally with a focus on long-term supply and sourcing of solar and wind energy. CIL will invest approximately ₹25,000 crore to establish solar and wind capacities, with potential wind project sites in southern states and solar plants in states like Gujarat and Rajasthan. AM Green, backed by Greenko founders, aims to produce 5 million tonnes per annum of green ammonia by 2030, contributing significantly to India's green hydrogen production targets. The integration of renewable sources with pumped hydro storage will ensure a consistent supply of green energy to AM Green's facilities. The partnership signifies a proactive step by CIL towards a greener and more sustainable future in alignment with becoming India's integrated energy provider. AM Green's goal is to produce various green products, including green hydrogen and green ammonia, to establish cost-competitive production and promote a sustainable energy ecosystem. Additionally, AM Green's minerals arm has collaborated with Rio Tinto to set up the world's largest renewable-powered aluminum facility in India, emphasizing the shift towards cleaner energy sources. The article highlights the growing importance of renewable energy sources and the transition towards cleaner fuels in the energy sector.
Topics
India
Green Hydrogen
Renewable Energy
Renewable Power
Sustainability
Investment
Energy Transition
Partnership
Green Ammonia
Latest News