Hygenco Issues Tender for Over 1.1 GW of RE for Green Ammonia Project
Hygenco Green Energies has announced a major renewable energy tender, inviting bids for over 1.1 GW to power its upcoming Green Ammonia Project. The tender includes 625 MW from solar PV and 500 MW from wind power, making it India's largest procurement effort for renewable energy dedicated to green ammonia production.
October 01, 2024. By EI News Network
The firm stated in its press note that the tender seeks 625 MW from solar PV projects and 500 MW from wind power. The tender, aimed at sourcing renewable energy for green ammonia production, offers favorable terms to minimise risks for developers, ensuring a transparent and competitive bidding process. It is designed to attract a diverse range of participants in the renewable energy sector and is expected to play a key role in advancing India's low-carbon economy.
Amit Bansal, Co-Founder and CEO of Hygenco, emphasised the company’s ambition to scale up India’s green hydrogen and ammonia markets. "This 1 GW-plus tender is one of many firsts for us, highlighting our commitment to driving India’s energy transition and achieving the country’s climate goals," said Bansal.
Green ammonia, produced using renewable energy, is seen as a vital component in the global energy transition. The green ammonia market is projected to grow to USD 17.9 billion by 2030 as industries increasingly shift away from fossil fuels. Hygenco’s large-scale procurement will significantly contribute to the National Green Hydrogen Mission, which aims to position India as a global leader in green hydrogen by 2030.
please contact: contact@energetica-india.net.
Akshat Jain
CEO
KLK Ventures Pioneering Solar Solutions for a Brighter Tomorrow
Xitij Kothi
Co-Founder
Simplify EV Ownership with Vidyut’s Flexible Financing and Insurance Plans
Inderveer Singh
CEO and Founder
Inside EVage: Pioneering Innovations in Electric Commercial Vehicles
Udit Garg
CEO & Director
Charting the Course for Hydropower as a Pillar of India's Renewable Strategy
Hanish Gupta
Founder and CEO
Our Focus is to Establish 1.2 GW Solar Panel Manufacturing Capacity in Rajasthan by Q1 2025