New Delhi, 9 December 2024 - Clean energy solutions provider Gentari, through its subsidiary
Gentari Renewables India Castor One Private Limited and AM Green
Ammonia India Private Limited ("AMG Ammonia") have
recently executed a firm and binding Power Purchase Agreement.
Gentari
will be supplying 650 MW round-the-clock (RTC), carbon-free energy
to power AMG Ammonia’s upcoming green ammonia facilities,
under a long-term Power Purchase Agreement. Under the arrangement,
Gentari will set up approximately 2400 MWp of renewable energy
capacity (i.e., solar and wind) in India and integrate it with 350
MW / 2100 MWh energy storage to supply firm and dispatchable green
power to AMG Ammonia’s facilities. Gentari plans to execute
the project in the state of Andhra Pradesh and Karnataka.
One notable aspect of this arrangement lies in its
remarkable power supply conditions, matching the demanding
requirements of a green ammonia plant throughout the year on an
hourly basis, leading the way for carbon-free energy supply
contracts in the future. This initiative represents a significant
advancement in Gentari’s integrated capabilities, which
span the entire clean energy value chain, from generating green
electrons to producing green molecules. The power arrangement is
in line with the stringent specifications defined under the
Renewable Fuels of Non-Biological Origin (RNFBO) framework, which
will allow AMG Ammonia to target customers in Europe in addition
to all other geographies.
Gentari is also actively developing supply chains to connect these
molecules with global demand centers, alongside efforts to expand
downstream solutions, including innovations in shipping and
logistics to ensure efficient delivery to international
markets.
AMG Ammonia is developing one of the
world’s largest green ammonia platforms, achieving 5
million tons per year by 2030, supporting its efforts to achieve
net zero targets both in India and OECD markets. This output will
be equivalent to approximately 1 MTPA of green hydrogen,
accounting for one-fifth of India’s target for green
hydrogen production under the National Green Hydrogen Mission and
10 percent of Europe’s target for green hydrogen imports.
AMG Ammonia recently achieved Final Investment Decision (FID) for
its first million-ton green ammonia project located in Kakinada,
Andhra Pradesh, India.
Navjit Gill, Country Head for India, Gentari said: “We are elated to embark on this collaboration with AMG
Ammonia, as it holds tremendous potential for accelerating the
development of renewable assets in India. The solar project will
be constructed at a single location and the wind projects will be
spread across multiple locations connected through the ISTS
network. This will be a one-of-its-kind project, integrating with
energy storage to supply firm and dispatchable green energy to AMG
Ammonia’s facilities. With our aligned vision and extensive
expertise, we aim to drive rapid progress in expanding
India’s renewable energy capacity and fostering sustainable
growth in the green electron-to-molecule chain.”
Mahesh Kolli, Founder, Greenko Group & AM Green said: “We are committed to contribute to India’s ambition
of emerging as a green energy exporter and are targeting 5 MTPA
green ammonia capacity by 2030. We look forward to deepening our
partnership with Gentari and are confident that this agreement
will be the first among many other agreements over the years. In
Gentari, we have found a partner with a similar vision and immense
capabilities.”