ReNew partners with JERA to evaluate Joint Development of Green Ammonia Project in India
ReNew Energy Global plc - Class A Shares (RNW)
Company Research
Source: Business Wire
GURGAON, India--(BUSINESS WIRE)--ReNew Energy Global plc (“ReNew” or “the Company”) (Nasdaq: RNW, RNWWW), India’s leading renewable energy company, said on Thursday that it has signed an initial agreement with JERA Co., Inc (“JERA”), Japan’s largest power generation company, to jointly evaluate development of a green ammonia production project in India.Under the agreement, ReNew, through its subsidiary, ReNew E-Fuels Private Limited, and JERA will jointly evaluate development of a green ammonia production project in Paradip, Odisha. The project will utilize approximately 500 MW of high-capacity utilization factor (CUF) renewable energy to produce green hydrogen, a key feedstock for green ammonia.The project is likely to have a production capacity of approximately 100,000 tons of green ammonia annually by 2030. JERA will have the right to offtake this green ammonia for Japan. There will be a joint study to evaluate the commercial viability of the project.The two companies have buil
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- ReNew Energy Global Plc (NASDAQ: RNW) had its price target lowered by analysts at Roth Mkm from $9.00 to $8.00. They now have a "buy" rating on the stock.MarketBeat
- ReNew Crosses 10 GW of Gross Renewable Energy AssetsBusiness Wire
- India's ReNew Sees Domestic Clean Energy Boom Fueling Its Growth [Financial Post (Toronto, Ontario, Canada)]Financial Post
- India's ReNew Sees Domestic Clean Energy Boom Fueling Its Growth [BNN Bloomberg (Canada)]BNN Bloomberg
RNW
Sec Filings
- 4/4/24 - Form 6-K
- 3/25/24 - Form 144
- 2/20/24 - Form 6-K
- RNW's page on the SEC website