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AM Green targets to produce 5 mtpa of green ammonia by 2030
| Photo Credit:
TINGSHU WANG
Coal miner Coal India is planning to set up 4.5 GW renewable energy projects in a phased manner at an estimated total outlay of around ₹25,000 crore for supplying carbon-free energy to upcoming green ammonia facilities of AM Green in Gujarat’s Kandla or any other facility.
AM Green, promoted by founders of Hyderabad-based Greenko Group, is among India’s leading renewable energy conglomerates.
Coal India (CIL) and AM Green Ammonia (India) have executed a non-binding memorandum of understanding (MoU). It would be one of the world’s largest renewable energy contracts.
In a stock exchange filing on Thursday, Coal India said, “It (supply of renewable power) would be through a combination of solar and wind whose capacities CIL aims to set up on pan India basis. This initiative aligns with India’s national goal of achieving a cleaner energy mix and transition towards net-zero emissions.”
While the solar power capacity would be to the tune of 2,500 MW to 3,000 MW, wind is expected to account between 1,500 MW and 2,000 MW at an estimated total outlay of around ₹25,000 crore, CIL informed.
Potential sites for wind projects will be explored in the southern States of the county. And, solar plants will be in the sunny States like Gujarat and Rajasthan. 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.
The formal non-binding MoU for long-term supply and sourcing of renewable energy was inked in Kolkata on Wednesday.
“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, Chairman, Coal India.
AM Green targets to produce 5 million tons 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.
Mahesh Kolli, Founder of Greenko Group and 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”.
Published on May 8, 2025
This article first appeared on The Hindu Business Line
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