ReNew plans to invest Rs 26,400 crore in a green hydrogen project in Kerala. The project aims to produce 1,100 KTPA of green ammonia using a 2 GW capacity electrolyser powered by renewable energy plants. It will be executed in three phases, with a total capacity of 1,100 KTPA. The estimated timeline for each phase is between 36 to 42 months. The project is expected to employ 4,000 to 5,000 workers and aligns with India s National Green Hydrogen Mission.
Last year was big for the green hydrogen industry in the GCC. Alongside the dozens of MOUs entered into and announcements made at COP: - In May, the USD8.4 billion NEOM.
Saudi-based Acwa Power, a major developer of power and desalination projects, said it has reached an agreement with Egyptian authorities for setting up a 2-million-tonne-capacity green hydrogen project in the country at an investment of over $4 billion.