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

GAIL and AM Green have signed an agreement to jointly explore setting up of solar-wind hybrid projects to ensure round-the-clock supply of renewable energy to end users.

October 5, 2024 Uma Gupta

AM Green

^{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.}

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