ReNew has unveiled plans to invest a staggering INR 26,400 crore in a green hydrogen project in Kerala. The ambitious venture aims to establish a 220-kilo-tonnes-per-annum (KTPA) green hydrogen project to produce 1,100 KTPA of green ammonia.
At its core, the project will rely on a massive 2 GW capacity electrolyzer, drawing 14,000 million units of power annually from 5 GW to 6 GW renewable energy plants, as per sources.
Situated near the Vizhinjam port, the project aspires to make the produced green hydrogen export-ready. It’s designed to unfold in three strategic phases, starting with a 100 KTPA capacity in the first phase, followed by phases 2 and 3, each boasting a 500 KTPA capacity. The estimated timeline for each phase is between 36 to 42 months, underlining the project’s commitment to swift and efficient execution.
The substantial investment of INR 26,400 crore, excluding the renewable energy captive generation facility, underscores the scale and ambition of ReNew’s green hydrogen initiative. The project is projected to require approximately 50 million liters of water per day to sustain operations. Furthermore, it is expected to generate substantial employment, with 4,000 to 5,000 skilled and unskilled workers and 18,000 staff during the construction phase.
This move by ReNew aligns with the broader vision outlined in India’s National Green Hydrogen Mission, aiming to establish a 5 MTPA green hydrogen production capacity by 2030, fostering the export of green hydrogen and its derivatives. Notably, the company has extended its reach beyond India, having entered into a framework agreement with Egypt in November 2022 for a green hydrogen plant in the Suez Canal Economic Zone, involving an $8 billion investment.
