The Avaada group, which plans to build a 1 million-tons-a-year green ammonia project, is working towards putting up 4 GW of renewable energy capacity to support the ambition. The renewable energy will be used to split water and produce green hydrogen, a raw material for green ammonia.
The venture into green ammonia would call for around 210,000 tons per annum of green hydrogen production.
3GW of solar capacity is coming up in Rajasthan; when it will be commissioned in 2026-27, it might, well be the country’s largest single location solar plant, Vineet Mittal, Chairman, Avaada Group, reports businessline.
Manufacturing electrolysers
Avaada also intends to get into the manufacture of electrolysers, for which it is in talks with a few foreign companies.
Overall, Avaada would invest $5 billion into the green ammonia business, Mittal said.
Avaada was born in 2016, soon after Welspun Renewable Energy, co-founded by Mittal that had a portfolio of 1.14 GW of renewable energy assets, was sold off to Tata Power Renewables for ₹9,250 crore. Today, Avaada has 4GW of wind and solar plants in operation; another 7 GW is planned, including 1 GW under construction.
No comments:
Post a Comment