Indian-Korean groups work on green energy
Reliance Industries Limited (RIL) has entered into a binding long-term Supply and Purchase Agreement (SPA) with Samsung C&T Corporation, South Korea, for the supply of Green Ammonia over a 15-year period commencing in the second half of FY2029.
The SPA, valued at more than US$3 billion, is one of the largest binding long-term Green Ammonia off-take agreements globally.
The SPA sets a new benchmark in the global energy landscape, with India emerging as an exporter of green fuels produced through an end-to-end value chain anchored in the country, including the domestic manufacturing of critical clean-energy equipment, aligned with India’s National Green Hydrogen Mission (NGHM).
Building a New Global Benchmark for Green Energy
RIL is developing a fully integrated New Energy platform spanning renewable energy, energy storage, green hydrogen, and downstream green fuels and chemicals, supported by in-house manufacturing of critical clean-energy technologies.
A central pillar of RIL’s New Energy ecosystem is the indigenisation of critical clean energy technologies in India, including Solar modules, Battery Energy Storage Systems (BESS), and Electrolyser systems, in line with the Government of India’s vision for self-reliance and domestic manufacturing leadership.
By integrating these capabilities within a single ecosystem, RIL aims to deliver green energy solutions that are competitive, scalable, and reliable for global markets while strengthening India’s industrial base.
The agreement with Samsung C&T is the first in a series of long-term offtake partnerships supporting the scale-up of RIL’s New Energy platform.
Anant Ambani, Executive Director, Reliance Industries Limited, said in a statement on 16 Mar, “We are proud to partner with Samsung C&T to supply green ammonia that is cost-competitive and reliable. This partnership marks an important step in India’s clean-energy journey.
“RIL’s New Energy initiative aims not only to advance the energy transition but also to build a strong industrial platform for India by integrating India’s renewable resources with the country’s manufacturing leadership, world-class talent and innovation to produce value added green fuels and chemicals at scale.
“At the heart of this vision is our commitment to indigenising the critical technologies of the energy transition — Solar, Battery Energy Storage Systems, and Electrolysers — under a strong Make-in-India framework.
Partnerships such as this will help scale our green hydrogen ecosystem and gigafactories, while contributing to India’s ambition of becoming a global hub for green hydrogen and its derivatives.” Fiinews.com
