ReNew partners with JERA to evaluate Joint Development of Green Ammonia Project in India [Yahoo! Finance]
TOKYO ELEC PWR UNSP/ADR (TKECY)
NASDAQ:AMEX Investor Relations:
tepco.co.jp/en/corpinfo/ir/top-e.html
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Source: Yahoo! Finance
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 built a strong relationship during the past seven years and the project will leverage ReNew's proven capabilities in renewable ener
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