April 30, 2024 [Storage Terminals Magazine]- JERA Co., Inc. has announced the commencement of full-scale operations by JERA Energy India Private Limited, its subsidiary established in New Delhi to serve as its operational hub in India.

India has set an ambitious renewable energy development target of 500 GW by 2030, aiming to leverage renewable energy’s potential to achieve carbon neutrality by 2070. Recognising India’s importance as a market for renewable energy, green hydrogen, and ammonia production in Asia, JERA has established JERA Energy India to expand its presence in the growing Indian market.

Since 2017, JERA has been investing in ReNew, a leading independent renewable energy company in India, and both companies are jointly developing green ammonia production. With the establishment of JERA Energy India, JERA aims to seize emerging business opportunities in India’s evolving market.

As JERA’s operational base in India, JERA Energy India will focus on activities such as gathering information on renewable energy, green hydrogen, ammonia, LNG to Power*, and other projects, as well as fostering relationships with relevant ministries, agencies, and local companies. These initiatives will enable JERA to enhance its understanding of the local market dynamics and pursue optimal business opportunities.

As a global energy company committed to addressing the world’s energy challenges, JERA will contribute to India’s and Asia’s sustainable growth by providing clean energy infrastructure that integrates renewable energy and low-carbon thermal power solutions.

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