In what would be one of the world’s largest renewable energy contracts, Coal India Limited (CIL) plans to supply 4500 MW of solar and wind energy, in a phased manner, to upcoming green ammonia facilities of AM Green.
In order to do this, Coal India aims to set up solar and wind power plants on a pan-India basis.
A formal non-binding memorandum of understanding (MoU), for long-term supply and sourcing of renewable energy, was inked on last week between and AM Green.
While the solar power capacity would be to the tune of 2500 MW to 3000 MW, wind is expected to account between 1500 MW and 2000 MW at an estimated total outlay of around Rs. 25,000 crore.
AM Green will integrate the two renewable sources supplied by CIL with pumped hydro storage to ensure a steady supply of green energy to AM Green facilities.
“While coal remains our mainstay in meeting India’s expanding energy needs in the near term, our plans include a proactive role in building a greener and more sustainable future. This is in consonance with our commitment to become the country’s integrated energy provider,” said P M Prasad, CIL’s Chairman.
AM Green is promoted by the founders of Greenko, an energy transition solutions company, that targets to produce 5 million tonnes per annum (MTPA) of green ammonia by 2030. This equals to approximately 1 MTPA of green hydrogen and represents a fifth of India’s target for green hydrogen production under the National Green Hydrogen Mission.
Anil Chalamalasetty, Founder of the Hyderabad-based Greenko Group & AM Green, said, “We are delighted to partner with CIL on one of the world’s largest carbon-free, renewable energy supply contracts. We aim to become one of the most cost-competitive producers of green hydrogen, green ammonia, and other green molecules in the world.”
