CertifHy pre-certification awarded to Greenko’s renewable project in India
By on June 26, 2024
Click to enlarge. CertifHy’s RFNBO pre-certification process. Source: CertifHy.
CertifHy has awarded RFNBO pre-certification to Greenko subsidiary AM Green for its under-development hydrogen and ammonia production facility in southern India. Greenko ZeroC (AM Green’s “green ammonia production arm”), will produce ammonia in Kakinada from 2027, with 50% of phase one production volumes already covered by a term sheet supply agreement between Greenko and Yara Clean Ammonia. By 2030, Greenko aims for a capacity of one million tons per year of electrolytic hydrogen, feeding the production of 5 million tons per year of ammonia.
CertifHy partnered with Hinicio and Bureau Veritas during the pre-certification process. Hinicio conducted a comprehensive review to ensure project compliance, while Bureau Veritas assessed future plant operations against CertifHy’s EU RFNBO Voluntary Scheme. In the Indian context, adherence to this scheme ensures that electrolytic hydrogen is produced using “round-the-clock” electricity, and meets all EU legislative criteria. In its announcements, Certifhy notes that pre-certification is increasingly sought after, and is widely “perceived as a powerful instrument for the facilitation of FID or offtake negotiations.”
The pre-certification awarded by CertifHy to our Kakinada plant underscores our commitment to providing carbon-free energy solutions globally while meeting the highest standards like EU RFNBO norms. This is a significant milestone for AM Green as it reinforces our position as a leading energy transition solutions platform helping to decarbonize industries like refineries, shipping, fertilizers, power generation, chemicals and others through low-cost green molecules and its derivatives.
Mahesh Kolli, President of AM Green in CertifHy’s official press release, 17 June 2024
Pre-certification serves as a critical tool for RNFBO-hydrogen suppliers striving to guarantee project compliance, as well as offtakers seeking to verify the attributes of their procured molecules. Thanks to its global experience and deep knowledge of the Indian context, Hinicio is uniquely positioned to advise international players like AM Green on project design and offtake, European market entry, and long-term compliance with EU regulations.
Patrick Maio, Hinicio CEO in CertifHy’s official press release, 17 June 2024
The positive impact of pre-certification on project finance was a key topic of discussion at last year’s AEA global conference in Atlanta. Unified, cross-jurisdictional certification will increase the credibility of projects, increase investor & consumer confidence, and ultimately make long-term offtake more straightforward.