JERA Co., Inc (“JERA”) announces that it has concluded an agreement with ReNew E-Fuels Private Limited, a subsidiary of ReNew Energy Global PLC (“ReNew”), among the largest clean energy companies globally, to jointly develop a green ammonia production project.
Under the agreement, JERA and ReNew will study the following:
• Jointly develop a project (“the Project”) from basic design through detailed design for the production of ammonia in Paradip in the state of Odisha in eastern India, using ~500 MW of high capacity utilization factor (CUF) renewable energy, and to use this green hydrogen as a raw material to produce approximately 100,000 tons of green ammonia annually.
• Supply green ammonia produced from the Project to Japan approximately 100,000 tonnes annually with JERA.
The Government of India has launched various schemes to support the green hydrogen and ammonia ecosystem under its National Green Hydrogen Mission. India has a high potential for renewable energy and is poised to become a base for green hydrogen and ammonia production in Asia. The Government of Japan also has announced schemes for accelerating transition to clean energy.
JERA has built a good relationship with ReNew since 2017. ReNew is studying the development of green fuel projects globally. This Project will leverage ReNew’s proven capabilities in renewable energy development and solutioning and JERA’s expertise in building full value chains.
Because green ammonia is produced using renewable energy, we believe they will make a substantial contribution to achieving our “JERA Zero CO2 Emissions 2050” objective. Our cooperation with ReNew signifies both companies’ commitment to bolstering the strong relationship between Japan and India, while advancing their respective goals of achieving Net Zero and promoting green hydrogen, along with achieving the global transition to a decarbonized society.
In this Project, JERA will accelerate the development of renewable energy, which is essential for the production of green hydrogen and ammonia, through JERA Nex, which is a newly formed renewable energy business company, established by JERA.
JERA will continue to work with leading companies in Japan and overseas to establish and expand hydrogen and ammonia supply chains, thereby contributing to global decarbonization and to solving energy issues, particularly in Asia.
Yukio Kani, Global CEO & Chair of JERA said, “Since 2017, JERA has maintained a strong partnership with ReNew, and we are pleased to expand this collaboration to the next level: the first green hydrogen and ammonia development project for JERA. This joint development agreement represents a significant milestone and an exciting advancement moving us one step closer to realizing decarbonized society, with a focus on the sustainability, affordability, and stability of future energy.”
Sumant Sinha, Founder, Chairman & CEO, ReNew said, “This collaboration marks an exciting time for both ReNew and JERA and demonstrates our commitment in accelerating the clean energy transition. Green ammonia holds immense potential in reducing carbon emissions and the project, once ready, will contribute to a cleaner future and support India’s National Green Hydrogen Mission.”
About ReNew
ReNew is a leading decarbonization solutions Company listed on Nasdaq (Nasdaq: RNW, RNWWW). ReNew has set up 10 GW of clean energy assets and has a portfolio of over 13.5 GW on a gross basis as of March 31, 2023, which is one of the largest globally. In addition to being a major independent power producer in India, ReNew provides end-to-end solutions in a just and inclusive manner in the areas of clean energy, value-added energy offerings through digitalization, storage, and carbon markets that increasingly are integral to addressing climate change. For more information, visit renew.com and follow us on LinkedIn, Facebook, Twitter and Instagram.
About JERA Co., Inc.
Established in 2015, JERA is an equal joint venture of two major Japanese electric power companies, TEPCO Fuel & Power Incorporated and Chubu Electric Power Company and produces about 30% of all electricity in Japan. JERA is an energy company with global reach that has strength in the entire energy supply chain, from participation in LNG upstream projects and fuel procurement, through fuel transportation to power generation. JERA, which stands for Japan’s Energy for a New Era, will take on the challenge of achieving net zero CO2 emissions from its domestic and overseas businesses by 2050 and is supporting an energy transition in an environmentally and socially responsible manner.
About JERA Nex
JERA Nex is a company created by JERA to scale renewable energy for a sustainable future. JERA Nex combines the resilience of JERA, one of the world’s largest electricity producers, with the agility and focus of a dedicated renewables business that can act at the pace required to drive the global energy transition.
JERA Nex invests in, currently owns and operates a portfolio of renewable energy assets, with a portfolio over 3GW that includes offshore wind, onshore wind and solar, as well as battery storage. Headquartered in London, and with centres of excellence in Belgium, Japan, Taiwan and the US, our team of more than 300 renewable and energy industry experts combines global knowhow and experience with the local expertise and knowledge necessary to deliver successful projects.
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