AM Green and SJVN Green Energy Limited (SGEL), have signed a Memorandum of Understanding (MoU) for the long-term supply and sourcing of carbon free RE or renewable energy.
AM Green will receive 4,500 MW of carbon-free energy from SGEL for its green ammonia facilities, integrating pumped hydro storage with solar and wind power.
SJVN plans to execute the project in three phases, with the first phase delivering 1,500 MW within two years. The initiative is a major milestone for SJVN’s renewable energy expansion in India, supporting its goal of reaching 25,000 MW by 2030 and 50,000 MW by 2040.
Mahesh Kolli, Founder, Greenko Group & AM Green, said, “This partnership demonstrates AM Green’s emerging leadership position as a global clean energy transition solutions platform while contributing to India’s ambition of emerging as an exporter of reliable, sustainable and lowest-cost green molecules and its derivatives accelerating industrial decarbonization globally.”
Ajay Singh, CEO, SJVN Green, said, “This project marks SJVN’s foray into supplying power to private sector entities.”
