Acme to build 1.5-GW green hydrogen, ammonia plant in India's Tamil Nadu
Hydrogen tanks. Source: US Office of Energy Efficiency & Renewable Energy
India’s Acme Cleantech Solutions Pvt Ltd, better known as Acme Group, will invest INR 524.7 billion (USD 6.6bn/EUR 6.4bn) to set up a 1.5-GW complex to produce green hydrogen and ammonia in the state of Tamil Nadu.
The company announced the massive project on Tuesday, saying it has sealed an initial agreement with the state government.
The proposed scheme envisages the installation of an electrolyser that will facilitate the production of 1.1 million tonnes of green ammonia for decarbonisation purposes in the fertilising, power, refining, steel and other industries. The process will be powered with electricity from a 5-GW solar photovoltaic (PV) park.
“The project requires four ingredients – solar radiation, access to port, availability of land and skilled resources. Tamil Nadu offers all of these,” said Manoj K Upadhyay, founder and chairman of Acme Group.
The Indian firm’s announcement comes just a month after it unveiled plans for a 1.2-million-tonne green hydrogen and ammonia production base in the state of Karnataka. The scheme will entail an investment of INR 520 billion.
Veselina Petrova is one of Renewables Now's most experienced green energy writers. For several years she has been keeping track of game-changing events both large and small projects and across the globe.