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JERA, the largest power generation firm in Japan, and ReNew Energy Global (ReNew) have inked a preliminary agreement to collaborate on the assessment of a green ammonia production project in India.
The Nasdaq-listed company ReNew and JERA will work together to assess the development of a green ammonia manufacturing plant in Paradip, Odisha, under the terms of the agreement. ReNew will accomplish this through its subsidiary ReNew E-Fuels.
The project will generate green hydrogen, a critical feedstock for green ammonia, using about 500 MW of high-capacity utilisation factor (CUF) renewable energy, according to the statement. By 2030, the project is expected to produce around 100,000 tonnes of green ammonia yearly.
JERA will have the right to take this green ammonia for Japan. A joint study will evaluate the project's commercial viability. The two companies have built a strong relationship during the past seven years and the project will leverage ReNew’s proven capabilities in renewable energy development and solutioning, and JERA’s expertise in building full value chains. This partnership between the two companies aligns with India’s ambitious National Green Hydrogen Mission and Japan’s clean energy transition goals.
The Indian government aims to produce 5 million tonnes of green hydrogen annually by 2030 to become the world’s largest green hydrogen hub. The Government of Japan is planning new initiatives to accelerate the transition towards clean energy. Both companies see India as a country with high solar and wind power potential.
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