April 19, 2024 [PV Magazine]- ReNew Energy Global (ReNew), a renewable energy company listed on  NASDAQ, said on Thursday that it has signed an initial agreement with JERA, Japan’s largest power generation company, to jointly evaluate development of a green ammonia production project in India.

 

Under the agreement, ReNew, through its subsidiary, ReNew E-Fuels, and JERA will jointly evaluate development of a green ammonia production project in Paradip, Odisha. The project will utilize around 500 MW of high-capacity utilization factor (CUF) renewable energy to produce green hydrogen, a key feedstock for green ammonia.

The project is likely to have a production capacity of around 100,000 tons of green ammonia annually by 2030. JERA will have the right to offtake this green ammonia for Japan. There will be a joint study to evaluate the commercial viability of the project.

The project will leverage ReNew’s proven capabilities in renewable energy development and solutioning, and JERA’s expertise in building full value chains.

ReNew has set up 10 GW of clean energy assets and has a portfolio of over 13.5 GW on a gross basis as of March 31, 2023, which is one of the largest globally. In addition to being a major independent power producer in India, ReNew provides end-to-end solutions in a just and inclusive manner in the areas of clean energy, value-added energy offerings through digitalization, storage, and carbon markets that increasingly are integral to addressing climate change.

JERA was created through the consolidation of the fuel and thermal power departments of the Tokyo Electric Power Co. and the Chubu Electric Power Co.

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