GAIL, AM Green sign MoU for 2.5 GW of renewable energy projects

October 4, 2024

GAIL (India) and AM Green (AMG) have signed a Memorandum of Understanding (MoU) to jointly explore the development of up to 2.5 GW of solar-wind hybrid renewable projects across India.

Both the parties also envisage to undertake studies for long-term supply of around 350 kta CO2 generated by GAIL in its gas processing plants to produce eMethanol, an environmentally friendly fuel that can reduce carbon emissions and promote a circular economy. GAIL shall also have an equity option to invest in the proposed eMethanol project.

“The hybrid solar/wind projects combined with Greenko’s upcoming pump storage projects will supply round-the-clock power to the end users including the proposed e-methanol project,” stated AMG.

AMG is a subsidiary of the AM Green Group promoted by Greenko founders. AMG’s ammonia manufacturing facilities will be powered entirely by carbon-free energy sources such as solar, wind, and hydroelectric power. The produced ammonia will meet EU standards for Renewable Fuels of Non-Biological Origin (RFNBO) as defined in the Renewable Energy Directive (RED III). AMG’s facility in Kakinada has already been pre-certified for RFNBO compliance. Pre-certification for other facilities is underway.

AM Green will also establish large-scale bio refineries that utilize multiple feedstocks and produce high-value green products enabling decarbonization in aviation, fuels, chemicals and other industrial sectors.

GAIL, a central public sector enterprise, is India’s leading natural gas transmission and distribution company with gas transmission & distribution pipelines, processing, and petrochemicals plants besides interest in upstream oil & gas blocks and LNG regasification terminals in India.

This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact: editors@pv-magazine.com.

Popular content

Search

RECENT PRESS RELEASES