In a historic milestone for India’s National Green Hydrogen Mission, the Solar Energy Corp. of India (SECI) has achieved a record-low price of INR 55.75 per kg (around $641 per tonne) for green ammonia in its first-ever auction under the National Green Hydrogen Mission’s SIGHT Scheme (Mode 2A).
The auction covers the annual supply of 75,000 metric tonnes of green ammonia to Paradeep Phosphates Limited in Odisha and is the first in a planned series of 13 auctions for procurement of a cumulative capacity of 7.24 lakh metric tonnes per year.
The price, offered by ACME Cleantech Solutions, is substantially lower than the $1,153/tonne observed in the international H2Global auction. It also presents a competitive alternative to grey ammonia, which was priced at $515 per metric tonne as of March 2025.
The 10-year fixed-price bid provides strong economic rationale for offtakers to initiate their clean energy transition journey.
SECI, acting as the intermediary procurer, anchored the auction under the guidance of the Ministry of New & Renewable Energy (MNRE), with support from the Department of Fertilizers and the participating offtakers.
“This price discovery marks a watershed moment in India’s Green Hydrogen journey and reinforces the country’s vision of becoming a global hub for Green Hydrogen production. The auction witnessed intense competition, reflecting the strong investor and developer confidence in India’s green energy transition framework,” stated SECI.
“The cost-discovery-based model deployed here directly addresses one of the sector’s biggest barriers—offtake assurance for Green Hydrogen derivatives. With robust payment security mechanisms in place, the scheme unlocks confidence across the value chain and enables large-scale adoption of Green Ammonia and other derivatives.”
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