New Delhi, India (DT) – In a major step towards bolstering India’s renewable energy capacity, GAIL (India) Limited and AM Green have signed a Memorandum of Understanding (MoU) to collaborate on the development of renewable energy projects totaling up to 2.5 GW. The partnership also aims to advance initiatives in green chemistry, marking a significant leap in the country’s push for sustainable growth.
The partnership covers the long-term supply of carbon dioxide (CO2) for a hybrid renewable energy project, as well as the production and exploration of eMethanol across India.
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Shri Sumit Kishore , Executive Director (Business Development and Exploration & Production), GAIL, and Shri Mahesh Kolli , Chairman, AM Green Group, signed the MoU in the presence of Shri Rajeev Singhal , Director (Business Development), GAIL.
As per the MoU, both parties intend to jointly explore setting up of solar-wind hybrid renewable projects of up to 2.5 GW capacity across India. The solar-wind hybrid projects combined with Greenko’s upcoming pumped storage projects are poised to provide round-the-clock electricity to end users, including the proposed eMethanol project.
Both parties plan to undertake studies for the long-term supply of approximately 350 KTA of CO2 generated by GAIL at its gas processing plants to produce eMethanol, an environmentally friendly fuel that can reduce carbon emissions and promote a circular economy. GAIL will also have the option to invest in the proposed eMethanol project, which will ensure a strategic partnership that will support both companies’ goals of promoting sustainable energy solutions.
Mahesh Kolli , Chairman, AM Green Group : “We are delighted to partner with GAIL on one of the world’s largest carbon-free renewable energy supply contracts.
This partnership demonstrates AM Green’s emerging leadership position as a global clean energy transition solutions platform, while contributing to India’s ambition to become an exporter of reliable, sustainable and low-cost green molecules and its derivatives, thereby accelerating the decarbonisation of industry globally. The production of green methanol will also contribute to the decarbonisation of hard-to-abate sectors such as shipping, steel, cement etc.”
Rajeev Singhal , Director (Business Development), GAIL: “The signing of this MoU with AM Green underscores our commitment to developing sustainable energy solutions. By facilitating the supply of CO2 for the production of eMethanol, we are taking a proactive approach to reduce carbon emissions and support the development of alternative fuels.
The development of renewable energy projects will help reduce the country’s carbon footprint and advance India’s transition to a greener energy landscape. The partnership between GAIL and AMG is expected to foster technological innovation in India while promoting economic growth and environmental sustainability.”
AM Green’s production of green ammonia at multiple sites in India will accelerate its target of achieving 5 MTPA of green ammonia capacity by 2030, as well as its efforts to achieve net zero targets in India and OECD markets. This will be equivalent to approximately 1 MTPA of green hydrogen, which is one-fifth of India’s green hydrogen production target under the National Green Hydrogen Mission and 10% of the European Union’s green hydrogen import target by 2030.
AM Green will also establish large-scale bio-refineries that will use multiple feedstocks and produce high-value green products enabling global decarbonisation in aviation, fuels, chemicals and other industrial sectors.
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