EPC contractor Larsen & Toubro and renewable energy developer ReNew Power have partnered to tap the emerging green hydrogen business in India. Under the partnership agreement, L&T and ReNew will jointly develop, own, execute and operate green hydrogen projects in India.
This partnership brings together the impeccable track record of L&T in designing, executing, and delivering EPC projects and the expertise of ReNew in developing utility-scale renewable energy projects, said S.N. Subrahmanyan, CEO and MD of Larsen & Toubro.
“This partnership with ReNew is a significant milestone in the journey towards building a green energy portfolio for L&T… We believe that green hydrogen is a promising alternate fuel and an important lever for achieving a cleaner future. L&T is extremely keen to add value in this space beyond the traditional EPC approach and is looking forward to working with ReNew.”
“Green hydrogen will be a key driver of the transition to cleaner sources of energy and this partnership between ReNew and L&T, will allow both companies to pool their knowledge, expertise, and resources to take maximum advantage of this transition. I expect this partnership to set new benchmarks in the Indian renewable energy space and look forward to working together with L&T,” ReNew’s chairman & CEO Sumant Sinha said in a media statement.
Green hydrogen is produced by splitting water into hydrogen and oxygen in an electrolyzer by using renewable-powered electricity.
“We are already looking at some interesting opportunities in the Indian market for green hydrogen and we intend to capitalize on them by developing end-to-end competitive solutions. In that effort, we are excited to secure a partnership with ReNew who brings its renewable energy development expertise to the table,” said Subramanian Sarma, whole-time director and senior executive vice president (energy), Larsen & Toubro.
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: email@example.com.
By submitting this form you agree to pv magazine using your data for the purposes of publishing your comment.
Your personal data will only be disclosed or otherwise transmitted to third parties for the purposes of spam filtering or if this is necessary for technical maintenance of the website. Any other transfer to third parties will not take place unless this is justified on the basis of applicable data protection regulations or if pv magazine is legally obliged to do so.
You may revoke this consent at any time with effect for the future, in which case your personal data will be deleted immediately. Otherwise, your data will be deleted if pv magazine has processed your request or the purpose of data storage is fulfilled.
Further information on data privacy can be found in our Data Protection Policy.