SJVN arm signs deal to supply 4.5 GW RE for AM Green’s ammonia facilities

livemint.com:

New Delhi: In what is one of the world’s largest carbon-free green energy supply contract, state-run SJVN's green energy arm will supply 4.5 gigawatt (GW) of renewable energy to AM Green Ammonia Holdings. The company, promoted by Greenko Group founders Mahesh Kolli and Anil Kumar Chalamalasetty, is in the process of setting up one of the world's largest green ammonia production facilities, which will begin with the production of one million tonnes of green ammonia per annum in the first phase, and ramp it up to five million tonnes per annum (mtpa) in the second, set to be completed by 2030.

Five million tonnes of green ammonia is equivalent to about one million tonnes of green hydrogen. Under the agreement signed on 26 June, SJVN Green Energy (SGEL) will supply 4.5 GW of renewable energy to AM Green’s upcoming green ammonia facilities, said a company statement.

SGEL, a wholly owned subsidiary of SJVN, will set up the required solar and wind capacities, while AM Green will integrate it with pumped hydro storage to ensure a steady supply of green energy to its production facilities. SJVN plans to execute the project in three phases, with the first phase expected to deliver 1,500 MW within two years.

Mahesh Kolli, founder, Greenko Group and AM Green, said: “We are delighted to partner with SJVN on one of the world’s largest carbon-free, renewable energy supply contracts. This partnership demonstrates AM Green’s emerging leadership position as a global clean energy transition solutions platform while contributing to India’s ambition of emerging as an exporter of reliable, sustainable and lowest-cost green molecules and its derivatives accelerating industrial decarbonisation globally." AM Green's target of producing five mtpa