ReNew partners with JERA to evaluate joint development of green ammonia project in India

Gurugram-based ReNew Energy Global plc (Nasdaq: RNW, RNWWW) has signed an initial agreement with JERA Co., Japan’s largest power generation company, to jointly evaluate the development of a green ammonia production project in India, the company said in a statement on April 18.

Under the agreement, ReNew, through its subsidiary, ReNew E-Fuels Private Limited, and JERA will jointly evaluate the development of a green ammonia production project in Paradip, Odisha. The project will utilise approximately 500 MW of high-capacity utilisation factor (CUF) renewable energy to produce green hydrogen, a key feedstock for green ammonia. The project is likely to have a production capacity of approximately 100,000 tons of green ammonia annually by 2030. JERA will have the right to offtake this green ammonia for Japan.

On April 11, Moneycontrol was the first to report that ReNew will now take up green hydrogen projects in India and that the company’s overseas plans may have to wait longer.

Sumant Sinha, founder, chairman and CEO, ReNew said, "This collaboration marks an exciting time for both ReNew and JERA, and demonstrates our commitment in accelerating the clean energy transition. Green ammonia holds immense potential in reducing carbon emissions and the project, once ready, will contribute to a cleaner future and support India's National Green Hydrogen Mission.”