Hygenco Green Energies has signed a Memorandum of Understanding (MoU) with Al Jomaih Energy and Water (AEW) to jointly explore green hydrogen projects in the Kingdom of Saudi Arabia.
This marks Hygenco’s foray into global markets.
Hygenco, based in the Indian state of Haryana, develops end-to-end green hydrogen and green ammonia assets on a build-own-operate and build-own-operate-transfer basis. It aims to deploy over $300 million in green hydrogen projects across India in the next three years. The company signed a long-term off-take agreement with Jindal Stainless last year and aims to have the first multi-megawatt scale plant operational by the end of 2023.
Amit Bansal, CEO of Hygenco, said “The signing of the MoU with AEW demonstrates our capabilities to provide affordable and scalable distributed green hydrogen solutions in the Middle East and facilitate their energy transition through a more sustainable future.”
The MoU was signed at the recently concluded India-Saudi Investment Forum 2023, which was organized by the Department for Promotion of Industry and Internal Trade, the Ministry of Commerce and Industry of India, and the Saudi Ministry of Investment, on the sidelines of Saudi Crown Prince Mohammed Bin Salman Abdulazziz Al-Saud’s official visit to 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.
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.