AM Green and SJVN Ltd Collaborate for Renewable Energy Project in Hyderabad
Key Ideas
  • AM Green and SJVN Ltd signed an MoU for a long-term agreement to supply 4,500 MW of carbon-free energy for green ammonia facilities in Hyderabad.
  • SJVN will establish the capacity through solar and wind power in three phases, with the first phase delivering 1,500 MW within two years.
  • The collaboration supports India's green hydrogen production goals under the National Green Hydrogen Mission and further positions AM Green as a global clean energy solutions leader.
  • Several partnerships, including with NTPC Renewables and Gentari, as well as investments from entities like GIC, are driving AM Green's progress towards green ammonia production targets.
AM Green, a Greenko Group company, has partnered with SJVN Ltd's subsidiary, SJVN Green Energy Limited, in Hyderabad, India, for a significant renewable energy project. Under the agreement, SJVN will supply 4,500 MW of carbon-free energy to AM Green's green ammonia facilities. This partnership, one of the largest investments by SJVN Green in a renewable energy project, aims to ensure a steady supply of green energy through solar and wind power integrated with pumped hydro storage. SJVN plans to execute the project in three phases, with the first phase set to deliver 1,500 MW within two years. The collaboration aligns with SJVN's renewable energy expansion goals in India and supports India's targets for green hydrogen production. AM Green, backed by the founders of Greenko, is targeting 5 million tonnes per annum of green ammonia production by 2030, contributing significantly to India's green hydrogen ambitions. The company is also on track for a final investment decision on its first 2 MTPA green ammonia project, positioning itself as a leader in the sector. AM Green's partnerships with NTPC Renewables, Gentari, and investments from entities like GIC further solidify its position in the market. The project is lauded as a major step towards industrial decarbonisation globally and India's emergence as a reliable exporter of green molecules. The CEOs of AM Green and SJVN Ltd expressed enthusiasm for the collaboration, highlighting its potential to accelerate renewable asset development in India and contribute to the country's clean energy transition.
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