Hygenco Green Energies Launches One of India’s Largest Renewable Energy Tenders for Green Ammonia Project

GURUGRAM, India, Oct. 1, 2024 /PRNewswire/ — Hygenco Green Energies Pvt Ltd, a leader in affordable green hydrogen production, has issued a tender for over 1125 Megawatts (MW) or 1.1 Gigawatts (GW) of renewable energy to support its upcoming Green Ammonia Project. This marks the largest renewable energy procurement for a green ammonia initiative in India, underscoring Hygenco’s strong commitment to sustainability.

The company aims to acquire 625 MW from solar PV projects and 500 MW from wind power. The tender includes favorable conditions to reduce risks for developers and ensure a transparent procurement process, encouraging wide participation from the renewable energy industry.

Green ammonia, produced using renewable energy, is seen as a key component in the global energy transition. The green ammonia market is expected to reach $17.9 billion by 2030, as industries increasingly move away from fossil fuels.

This large-scale procurement will also support India’s shift toward a low-carbon economy and give a significant boost to the National Green Hydrogen Mission, which aims to establish India as a Green Hydrogen Hub by 2030.