ReNew Energy Global PLC and JERA Co., Inc are jointly evaluating the development of a green ammonia production project in India.
Under the agreement, ReNew, through its subsidiary, ReNew E-Fuels Private Limited, and JERA will jointly evaluate development of a green ammonia production project in Paradip, Odisha. The project will utilize approximately 500 MW of high-capacity utilization factor (CUF) renewable energy to produce green hydrogen, a key feedstock for green ammonia.
DSK Legal is advising ReNew Energy on this arrangement.
The transaction team consists of Aparajit Bhattacharya (Partner), Anjan Dasgupta (Partner), Avinash Kumar Khard (Partner), Shruti Dogra (Associate Partner), Shubhi Ameriya (Principal Associate), Mala Mehto (Senior Associate), Supriya Upadhyayula (Associate) and Sanika Dalvi (Associate).
Aparajit Bhattacharya acted as the relationship partner for ReNew at the firm, and Anjan Dasgupta acted as the lead engagement partner for this transaction.
Allen & Overy, Tokyo, is representing JERA on the transaction.
The project is likely to have a production capacity of approximately 100,000 tons of green ammonia annually by 2030. JERA will have the right to offtake this green ammonia for Japan, underscoring the strategic significance of this collaboration. The two companies have built a strong relationship during the past seven years and the project will leverage ReNew's proven capabilities in renewable energy development and solutioning, and JERA's expertise in building full value chains.
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