To Evaluate Joint Development of Green Ammonia Project in India: “ReNew Partners with JERA”

The largest power-generating corporation in Japan, JERA Co., Inc. , and the Indian renewable energy company, Renew Energy Global plc, signed an initial agreement to jointly examine the development of a green ammonia production plant in Paradip, Odisha. Approximately 500 MW of high-capacity utilization factor (CUF) renewable energy will be used in this project to produce green hydrogen, which is an essential ingredient in the production of green ammonia.

The project, which is supported by a partnership between JERA and ReNew Energy's subsidiary, ReNew E-Fuels Private Limited, intends to create a production capacity of about 100,000 tons of green ammonia per year by 2030. The right to offtake this green ammonia for usage within Japan will belong to JERA. Both businesses will work together to research to determine whether this project is commercially viable.

The partnership takes advantage of the two businesses' solid seven-year working relationship and combines ReNew's knowledge of renewable energy with JERA's experience developing whole value chains.

ReNew's founder, chairman, and CEO, Sumant Sinha, stated, “This partnership shows our dedication to quickening the sustainable energy transition and is a thrilling moment for both ReNew and JERA. When the project is completed, it will boost India's National Green Hydrogen Mission and help create a cleaner future. Green ammonia has enormous potential to reduce carbon emissions.”

JERA's Global CEO and Chair, Yukio Kani, emphasized the agreement's strategic significance, “JERA and ReNew have had a robust partnership since 2017. We are excited to take this partnership to the next level by collaborating on JERA's first green hydrogen and ammonia development project. The focus of this collaborative development agreement is on the sustainability, affordability, and stability of future energy, and it marks an exciting step forward toward the realization of a decarbonized civilization.”

This collaboration supports Japan's clean energy transition ambitions and India's ambitious National Green Hydrogen Mission, which aims to create 5 million tons of green hydrogen annually by 2030. According to both businesses, India is a major participant with enormous potential for growing its solar and wind generation resources.