Hygenco Leading the Charge: Largest Green Energy Tender in India
Key Ideas
- Hygenco Green Energies Pvt Ltd announces a significant tender for over 1.1 Gigawatt (GW) of renewable energy to support its Green Ammonia Project.
- The tender, the largest in India for such a project, aims to procure 625 MW from Solar PV projects and 500 MW from wind power, emphasizing sustainability and innovation.
- Co-Founder and CEO, Amit Bansal, underlines Hygenco's dedication to scaling up India's Green Hydrogen and Green Ammonia markets, contributing to the nation's energy security and climate goals.
- Green ammonia, fueled by renewable energy, is projected to play a vital role in the global energy transition, with the market expected to grow to $17.9 billion by 2030.
Hygenco Green Energies Pvt Ltd, a key player in the production of low-cost green hydrogen, has revealed a substantial tender for over 1.1 Gigawatt (GW) of renewable energy to support its Green Ammonia Project. This initiative is a significant step in India, marking the largest tender for renewable energy procurement for such a project. The company plans to source 625 MW from Solar PV projects and 500 MW from wind power, showcasing its commitment to sustainability and innovation in the energy sector. The tender terms have been structured to reduce risks for developers and foster a transparent procurement process, attracting a broad spectrum of participants in the renewable energy industry. Amit Bansal, the Co-Founder and CEO of Hygenco, has emphasized the firm's progress and ambition in expanding India's Green Hydrogen and Green Ammonia markets, highlighting its pivotal role in enhancing the nation's energy security and addressing climate objectives. The utilization of green ammonia, powered by renewable energy sources, is anticipated to be a crucial component in the global energy transition, with market forecasts indicating a potential worth of $17.9 billion by 2030.