GREEN AMMONIA AGREEMENTS
Global lenders to back Brookfield’s 1.04 GW project with $600 mn
A group of international banks is financing Brookfield's significant renewable energy project in India. This venture combines wind, solar, and battery storage. The project aims to provide reliable power. It is a key step in India's growing green energy sector. This development highlights substantial investment in sustainable power solutions.
Brookfield set to divest 550 MW solar project in Bikaner; eyes ₹3K cr EV
Brookfield Asset Management is set to sell its 550-megawatt solar project in Bikaner, Rajasthan. The deal is valued at an estimated ₹3,000 crore. Investment bank Jefferies is managing the sale. Initial bids have come from overseas and domestic investors. This move is part of Brookfield's wider portfolio adjustments in India's growing renewable energy sector.
Green H2 blending can help cut gas, fuel imports: Prahlad Joshi
Green hydrogen blending in city gas and mobility can cut fuel imports. Minister Pralhad Joshi highlighted this potential. Pilot projects show feasibility. India is building a coordinated system for energy security. Green hydrogen and green ammonia are key to self-reliance. This effort strengthens domestic capability and resilient supply chains.
Exchange of green ammonia agreements a historic step towards sustainable fertiliser production: Union Minister Nadda
The initiative aims to reduce carbon emissions and ensure long-term energy security. Indian fertilizer companies have secured stable ammonia supply for ten years.
Buy, Sell or Hold: Morgan Stanley remains overweight on RIL; Elara Capital retains buy on PVR Inox
Brokerages remain bullish on select large-cap stocks, with Morgan Stanley overweight on Reliance Industries citing green energy monetisation, and Elara Capital backing PVR Inox on strong content and improving metrics. Goldman Sachs stays positive on BEL amid robust defence order inflows, highlighting sustained earnings visibility and long-term growth potential.
Reliance Industries shares in focus on $3 billion deal with Samsung. Check details
Reliance Industries has signed a $3 billion long-term agreement with Samsung C&T to supply green ammonia over 15 years starting FY2029. The deal highlights India’s growing role in green energy exports and supports Reliance’s integrated new energy platform focused on hydrogen, renewables, and clean technology manufacturing.
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Stocks in news: RIL, Tata Motors, Ola Electric, Dilip Buildcon, Sun Pharma
Indian markets saw a volatile start, gaining over a percent as bargain hunters stepped in, pushing the Nifty back above 23,300. Investors are advised caution, awaiting sustained upward movement. Key stocks like RIL, Tata Motors, Sun Pharma, and Ola Electric are in focus due to significant corporate developments, including new supply deals and price adjustments.
Reliance Industries signs $3 billion green ammonia supply deal with Samsung C&T
Reliance Industries has struck a groundbreaking deal with Samsung C&T, marking a pivotal moment in environmental progress. The extensive 15-year agreement, worth over $3 billion, will kick off with the supply of green ammonia beginning in late fiscal 2029. This collaboration embodies Reliance's ambitious move towards clean energy production, reflecting the escalating international demand for sustainable fuel alternatives.
ACME Solar raises Rs 2,300 crore from NaBFID
ACME Solar Holdings has secured ₹2,300 crore via a 15-year term loan from NaBFID to refinance dollar bonds maturing this year. The loan, priced between 8% and 8.50%, is backed by revenues from 12 operational solar SPVs, ensuring repayment comfort for the lender.
$10 bln green ammonia project in Andhra Pradesh set to put India on clean energy export map
Andhra Pradesh is set to become a global green energy hub. A massive USD 10 billion green hydrogen and green ammonia project in Kakinada is progressing. This initiative will create thousands of jobs and position India as a clean energy exporter.
Germany's Uniper signs long-term offtake agreement on green ammonia with India's AM Green
Germany's Uniper has inked a significant deal with India's AM Green to secure up to 500,000 tons of green ammonia annually, with the first delivery expected by 2028. This strategic partnership aims to bolster Uniper's commitment to supplying customers with sustainable, low-carbon molecules at scale.
KP Group partners with AHES, GH2 Solar to set up green ammonia plant in India
KP Group is collaborating with AHES and GH2 for green ammonia production. The facility will be in India with 100,000 metric tons capacity annually. KPI Green Hydrogen & Ammonia Pvt Ltd, AHES Co Ltd, and GH2 Solar Ltd signed a MoU. AHES and GH2 will arrange offtake agreements.
L&T partners with Japan’s ITOCHU for developing green ammonia project in Gujarat
Larsen & Toubro's L&T Energy GreenTech Ltd. has partnered with ITOCHU Corp. of Japan to develop a green ammonia project in Kandla, Gujarat. The Joint Development Agreement aims to establish a 300 KTPA green ammonia facility. ITOCHU plans to utilize the produced ammonia for bunkering applications in Singapore, marking a significant step towards sustainable energy solutions.
ACME Group wins bid to supply 75,000 tonnes of green ammonia under SIGHT scheme
ACME Group has secured a Letter of Award under the SIGHT scheme for a green ammonia production project. The company will supply 75,000 metric tonnes of green ammonia annually to Paradeep Phosphates Ltd for 10 years at Rs 55.75 per kilogram. ACME Cleantech Solutions will commence deliveries within 36 months of signing the Green Ammonia Purchase Agreement with SECI.
SECI extends timeline for green ammonia tender to Jun 30
Solar Energy Corporation of India has pushed the deadline for bids on its green ammonia project. Companies now have until June 30 to submit their proposals. This initiative aims to produce 7,24,000 metric tonnes of green ammonia annually. The ammonia will supply 13 fertiliser plants across India. SECI will manage demand and secure long-term agreements with producers for a decade.
Ammonia supply in SIGHT of NTPC Green Energy
NTPC Green Energy is exploring supplying green ammonia from its upcoming Pudimadaka hub to nearby fertilizer plants. The hub, with a daily output of 1,500 tonnes of green hydrogen and 4,500 tonnes of green ammonia, could provide up to 150,000 tonnes annually to Coromandel International and Madras Fertilisers under the government's SIGHT scheme.
RWE and AM Green Ammonia sign MoU to supply 250,000 tonnes per year of ammonia from India
RWE Supply & Trading has signed an MoU with AM Green Ammonia B.V. for the long-term supply of up to 250,000 tonnes of green ammonia annually from its Indian plants. The ammonia will be produced using carbon-free energy sources and meet EU standards for renewable fuels. Deliveries are expected to start by 2027.
Green Ammonia Scheme: Bidders invited to visit procurers' fertiliser plants
The government had begun allowing companies to visit fertiliser units to gather information necessary for green ammonia production under the SIGHT Scheme. These visits were scheduled from August 27 to September 10. The deadline for bids was September 3, possibly extending. The scheme facilitated agreements between ammonia producers and buyers, with a yearly capacity of 739,000 tonnes.
SJVN to supply 4500 MW green energy to AM Green's green ammonia facilities
Greenko Group's subsidiary, AM Green, and SJVN Green Energy Limited (SGEL), a wholly owned subsidiary of SJVN, have signed a Memorandum of Understanding (MoU) for a long-term renewable energy supply agreement. Under the agreement, SGEL will provide 4,500 MW of carbon-free energy to power AM Green's forthcoming green ammonia facilities.
Greenko in talks with REC to raise up to Rs 2,400 crore
The project has an offtake agreement with Norway's Yara and received pre-certification for ammonia. An offtake agreement is a contract to buy or sell goods in advance of production, which will facilitate financing for the project. Greenko has signed a term sheet with Yara Clean Ammonia in May this year, the trader and distributor of ammonia, for the supply of renewable ammonia from Phase 1 of AM Green's ammonia production facility in Kakinada, Andhra Pradesh.
Singapore-based Sembcorp to supply green ammonia to Japan from its India plant
Singapore-based Sembcorp Green Hydrogen Pte Ltd signed an agreement with two Japanese firms to supply green ammonia from its 200,000-metric tonne capacity plant in India.
Greenko Zero C to supply 500,000 tonnes of green ammonia to Norway's Yara Clean Ammonia
Deliveries to start from Kakinada from Q4 of CY26, Industry sources say contract size expected to be $1.5-$1.8 bn over 10 years. 5GW of renewable power and pump storage in Andhra Pradesh to back production
ReNew partners with Japan's JERA to evaluate joint development of green ammonia project in India
ReNew Energy and JERA collaborate on green ammonia project in Paradip, utilizing renewable energy for 100,000 tons production annually by 2030. The project aligns with India's hydrogen goals and Japan's clean energy transition.
ACME to supply 1 lakh tonne green ammonia to Norway-based Yara
Norway-based Yara has signed a binding agreement with ACME Cleantech for the supply of 1 lakh tonne of green ammonia annually from ACME's plant in Oman through GHC SAOC. The long-term offtake agreement covers the supply of 1,00,000 tonne of renewable ammonia per annum by ACME from phase-1 of its Oman project with an expected start date in 2027.
ACME in pact to supply 400,000 tonnes/year green ammonia to Japan’s IHI Corp
Under the agreement, ACME and IHI plan to compete with the relatively cheaper but less environment-friendly blue ammonia supply with the active support and incentives being offered by the government under the National Green Hydrogen Mission and the State Government of Odisha, a joint statement of the companies said.
ACME Solar in talks to raise debt of Rs 4,000 cr
According to two sources familiar with the matter, the discussions have reached an advanced stage, and the loan is expected to be sanctioned soon.
Greenko to supply 250K tonnes green ammonia to Germany’s Uniper, 1st Indian co to start exports from 2025
The two firms on Tuesday inked a Memorandum of Understanding (MoU) and Heads of Terms agreement for exclusive negotiations to supply 250,000 tonnes per annum of green ammonia to Uniper. Although not specified, sources in the know said the offtake agreement is for 8-10 years, starting 2025.
Pacts for buying green hydrogen, ammonia may be for 15 years
The government is also likely to allow the option of e-reverse bidding for willing procurers. The rules also propose the provision of intermediaries between green hydrogen and ammonia procurers and suppliers who can aggregate demand from more than one consumer. The option of pooling of tariff by the traders is also being considered.
ACME Group’s Oman ammonia project first to get green certificate
By providing Green Hydrogen and Green Ammonia Certification, TÜV Rheinland enables stakeholders to ensure that ammonia and hydrogen produced from regenerative sources has lower levels of greenhouse-gas emissions than conventional hydrogen or fossil fuels, it said in a statement.
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