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Central Government/Public Sector | Multi State - India | PID: 203111
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Greenko Group's subsidiary, AM Green, and SJVN Green Energy (SGEL) have signed a memorandum of understanding (MoU) for long-term supply and sourcing of renewable energy.
Under the agreement, SGEL will undertake the supply of 4,500 MW of carbon-free energy to AM Green’s upcoming green ammonia facilities. SGEL will set up this capacity through solar and wind power, while AM Green will integrate it with pumped hydro storage for this purpose.
SJVN plans to execute the project in three phases, with the first phase involving delivery of 1,500 MW within two years. This initiative supports its goal of reaching 25,000 MW by 2030 and 50,000 MW by 2040. The project marks SJVN’s foray into supplying power to private sector entities.
In October 2023, Gentari Sdn Bhd, through its wholly-owned subsidiary Gentari International Renewables, signed an agreement with AM Green to jointly invest in phases in AM Green Ammonia Holdings BV (AMG Ammonia). AM Green targets to produce five MTPA of green ammonia by 2030, equivalent to about one MTPA of green hydrogen.
| Updated on: 08 - Jul - 2024
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