Singapore-based Keppel Infrastructure and Indian Greenko, through their subsidiaries have signed an MoU to jointly explore green ammonia and renewable energy opportunities to meet the growing demand for low carbon energy in India, Singapore and globally.
The MoU will see Keppel Infrastructure collaborate with Greenko, one of India’s leading renewable energy companies, to explore the feasibility of jointly developing a production facility which can produce at least 250,000 tonnes of green ammonia per year.
In addition, KI and Greenko will jointly identify and evaluate a portfolio of solar and wind energy projects, up to an installed capacity of approximately 1.3 GW, complemented by pumped hydro-storage, to power the green ammonia production facility. Green ammonia is made with green hydrogen that comes from water electrolysis powered by renewable power.
The collaboration between KI and Greenko is set to support India’s goal to manufacture five million tonnes of green hydrogen per annum by 2030 and become a production and export hub for the fuel.