The Indian arm of the Norwegian company, Greenstat Hydrogen, has tied up with a Bengaluru-based renewable energy company called Ayana Renewable Power to develop "large-scale green hydrogen projects in India," reports PV Magazine.
Ayana Renewable Power, a Bengaluru-based renewable energy platform that is majority-ontrolled by National Investment and Infrastructure Fund (NIIF), is executing more than 3.59 GW AC of solar, wind and hybrid power projects across India, in addition to its 1.19 GW AC of assets already operational in Andhra Pradesh, Karnataka, and Rajasthan. Its partnership with Greenstat Hydrogen India combines their respective expertise to facilitate the development of green hydrogen in India, as the nation aims to boost domestic production of green hydrogen to 5 million tons per annum by 2030, the report says.
The two partners are looking at long-term supplies for industrial and commercial customers. They will initially launch a pilot project in Karnataka. The Joint Development Agreement (JDA ) was signed in presence of Norwegian Foreign Minister, Ms. Anniken Huitfeldt on 26th April 2022 in Delhi. At the occasion of signing the JDA, the Honorable Minister extended her support and blessings to the pilot project, says a Greenstat statement.
“By 2050, India aims to produce three-fourths of its hydrogen from renewable energy sources. Ayana and Greenstat being specialists in their respective domains, carry the right expertise to facilitate this growth,” said Shivanand Nimbargi, Ayana’s chief executive officer and managing director.
Greenstat has been wanting to be active in India. In February 2022, it singed a MoU with the World Resources Insitute, India to "work on strategizing a roadmap for green hydrogen generation in India."
"This collaboration will explore and define the technical and operational feasibility of green hydrogen deployment across different sectors with a focus on energy intensive, hard-to-abate sectors such as steel, cement, heavy transport and power," it had then said in a press release.
In July 2021, it signed a pact with the Indian Oil Corporation for setting up of Centre of Excellence on Hydrogen. "This association aims to develop a Center of Excellence on Hydrogen (CoE-H) including CCUS and Fuel Cells by IndianOil and M/s Greenstat for clean energy in cooperation with Indo-Norwegian Hydrogen Cluster companies/organizations," the company had said in a press release.
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