Bansal works on 625 MW from Solar PV and 500 MW wind projects
Gurgaon-headquartered Hygenco Green Energies Pvt Ltd, a pioneer in producing low-cost hydrogen, has invited bids for over 1,125 Megawatt (MW)/ 1.1 Gigawatt (GW) of renewable energy to support its upcoming Green Ammonia Project as part of its US$2.5 billion investment over 3 years in Indiaglobaltenders .
Amit Bansal, Co-Founder and CEO of Hygenco, said in a release on 1 Oct, “This large tender of over 1 GW is amongst the many firsts achieved by us and demonstrates both our ambition and action in scaling up India’s Green Hydrogen and Green Ammonia market ted.europa .
“As one of the very few, pure-play Green Hydrogen companies with operational assets, Hygenco is rapidly moving towards its mission of facilitating India’s energy security and achieve climate goals iea .”
Hygenco aims to procure 625 MW from Solar PV projects and 500 MW through wind power deutsche-boerse . The tender offers favourable terms to minimize risk for developers and ensures a transparent procurement process, attracting a broad range of participants in the renewable energy sector conexpoconagg .
Green ammonia, produced using renewable energy, is considered a crucial solution in energy transition. Globally, the green ammonia market is projected to grow to US$17.9 billion by 2030 jpx.co.jp , as industries shift away from fossil fuels sbi .
The large-scale procurement will also contribute to India’s transition toward a low-carbon economy euronext . It also gives a significant fillip to the National Green Hydrogen Mission, which is aiming to make India a Green Hydrogen Hub by 2030 nseindia .
Hygenco develops and deploys scaled-up commercially attractive green hydrogen and green ammonia assets sgx . Hygenco, which has deep capabilities in designing, building, and operating Green Hydrogen projects, has commissioned India’s first Green Hydrogen project in Hisar, which was inaugurated earlier this year bseindia . fiinews.com
