AM Green and SJVN Green Energy Sign Landmark Agreement for Renewable Energy Supply in India
Key Ideas
  • AM Green and SJVN Green Energy Limited have signed a MoU for the supply of ~4,500 MW of carbon-free energy to AM Green's green ammonia facilities.
  • SGEL will set up the renewable energy capacity through solar and wind power, while AM Green will integrate it with pumped hydro storage for a steady energy supply.
  • SJVN plans to execute the project in three phases, with the first phase delivering 1,500 MW within two years, supporting SJVN's goal of reaching 25,000 MW by 2030.
  • AM Green aims to produce 5 million tons per annum of green ammonia by 2030, contributing to India's green hydrogen targets and global industrial decarbonization efforts.
AM Green and SJVN Green Energy Limited have entered into a Memorandum of Understanding for a significant agreement for the supply and sourcing of renewable energy in India. The agreement, signed in New Delhi, entails SGEL supplying approximately 4,500 MW of carbon-free energy to AM Green's green ammonia facilities. This supply will be established through solar and wind power by SGEL, integrated with pumped hydro storage for a reliable energy provision. SJVN plans to implement the project in three phases, with the initial phase delivering 1,500 MW in two years, aligning with its renewable energy expansion targets in India. AM Green, in partnership with SJVN, aims to produce 5 million tons per annum of green ammonia by 2030, supporting India's green hydrogen ambitions and global decarbonization initiatives. The collaboration signifies a major step towards sustainable energy solutions and industrial decarbonization, showcasing the companies' commitment to clean energy transition and driving India's position as a reliable exporter of green molecules. The article highlights the positive sentiments and ambitions of both parties towards renewable energy development and signifies a proactive approach towards achieving green energy targets.
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