Hygenco's Ambitious Renewable Energy Tender for Green Ammonia Project in India
Key Ideas
- Hygenco Green Energies invites bids for 1125 MW of renewable energy to support its Green Ammonia Project, signaling a significant commitment to sustainability.
- The tender aims to procure 625 MW from Solar PV projects and 500 MW from wind power, offering favorable terms to attract a broad range of participants in the renewable energy sector.
- The large-scale procurement contributes to India's transition towards a low-carbon economy, aligning with the National Green Hydrogen Mission's goal to establish India as a Green Hydrogen Hub by 2030.
- Hygenco's ambitious investment of $2.5 billion over 3 years underscores its mission to scale up Green Hydrogen projects in India and drive the adoption of renewable energy solutions.
Hygenco Green Energies Pvt Ltd, a leading producer of low-cost green hydrogen, has announced a significant tender for over 1125 MW of renewable energy in India to support its Green Ammonia Project. The tender, the largest of its kind for a green ammonia project in the country, aims to procure 625 MW from Solar PV projects and 500 MW from wind power. This initiative reinforces Hygenco's commitment to sustainability and the energy transition towards renewable sources. Amit Bansal, the Co-Founder and CEO of Hygenco, highlighted the company's ambition to drive India's energy security and climate goals through initiatives like the Green Ammonia Project. The use of green ammonia, produced using renewable energy, is seen as vital in the global energy transition, with the market projected to reach $17.9 billion by 2030. By investing $2.5 billion over three years in Green Hydrogen projects, Hygenco aims to play a significant role in India's journey towards a low-carbon economy. The tender not only attracts developers with favorable terms but also supports the National Green Hydrogen Mission's objective of establishing India as a Green Hydrogen Hub by 2030. The Hygenco Green Ammonia Project marks another milestone for the company, known for its expertise in green hydrogen production and its contributions to sustainable energy solutions.
Topics
Green Hydrogen
Renewable Energy
Sustainability
Energy Transition
National Green Hydrogen Mission
Green Ammonia
Low-carbon Economy
Tender
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