India's largest green energy firm Acme Solar Holdings is considering setting up an integrated 7GW renewable energy and green ammonia production facility.
The facility will be established in Tamil Nadu with an investment of about $6 billion.
It has been reported that Acme Solar is in preliminary talks for a partnership for the mega project. Currently, the company has 8.5 GW of operational and under-development projects.
In India, green hydrogen is being promoted by the government, while firms like Reliance Industries, Adani Group, and Greenko Group have shown significant interest.
There are many large-scale agreements ongoing in the field. Only last month, Greenko Group set up a joint venture with Belgium’s John Cockerill for a 2 GW electrolyzer factory in India. Similarly, Shell plc had signed an agreement to acquire Actis Llp’s Indian renewable energy platform Sprng Energy for an enterprise value of $1.55 billion.
According to Acme Solar, it plans to produce green hydrogen in India and Europe with Lhyfe Labs SAS of France.