AM Green and SJVN Green Energy (SGEL), a subsidiary of SJVN, said on Monday that they have entered into a long-term agreement for supply and sourcing of renewable energy. Memorandum of Understanding (MOU) has been signed. The supply contract is one of the largest contracts awarded in the sector.

Under the agreement, SJVN Green Energy (SGEL) will provide ~4,500 MW of carbon-free energy to AM Green’s upcoming green ammonia facilities, promoted by the founders of Greenko. SGEL will build this capacity through solar and wind power, while AM ​​Green will integrate it with pumped hydro storage to ensure a continuous supply of green energy to AM Green facilities.

SJVN plans to implement the project in three phases, with the first phase to provide 1,500 MW of power within two years. This initiative is a major milestone for SJVN’s renewable energy expansion in India.Supporting its target of reaching 25,000 MW by 2030 and 50,000 MW by 2040, the company said.

First published: 02-07-2024 at 06:15 IST

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