The Solar Energy Corporation has completed its first subsidy program for renewable ammonia, awarding the thirteenth and final contract this week. ACME Cleantech won six contracts, totalling 370,000 tons production per year.
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More record-low price discoveries from SECI auctions
Following the then-record delivery price submitted in early August, Jakson Green has now committed to supply 85,000 tons per year of renewable ammonia over a ten-year fixed contract, with a fixed delivery price of approximately $580 per ton. Three more price discovery data points were also announced last week, meaning we now have six of the thirteen subsidy winners announced.
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Renewable ammonia price discoveries: a closer look at the H2Global and SECI auctions
Various elements – different definitions for “green” hydrogen, subsidy structures, and transportation & logistics costs – all contribute to the gap between discovered prices for the H2Global and SECI renewable ammonia auctions. More SECI auction results are expected in the coming days and weeks.
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NTPC: $591 per ton for renewable ammonia in India
NTPC Renewable Energy is the second successful bidder in a series of renewable ammonia reverse auctions to be facilitated by the Solar Energy Corporation of India. The discovered price of $591 per ton is lower than the “record-breaking” bid from ACME announced last week.
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ACME: $641 per ton for renewable ammonia in India
ACME is the first successful bidder in a series of renewable ammonia reverse auctions to be facilitated by the Solar Energy Corporation of India. The discovered price of $641 per ton represents a substantial drop from the previous benchmark of $1,153 per ton of renewable ammonia, set in H2Global’s first auction late last year.
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Torrent Power: renewable ammonia development in India
India-based integrated power utility Torrent Power Limited will invest over $7.6 billion in renewable energy generation and ammonia production in Gujarat. Momentum for renewable ammonia continues to build in India, with related news on certification and electrolyser manufacturing subsidies.
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Indian government outlines renewable ammonia subsidy scheme
The Solar Energy Corporation of India has released final details for the subsidy scheme, which will assist the decarbonisation of fertiliser production in India. Eleven renewable ammonia production projects will be matched to eleven fertiliser manufacturers in a reverse auction process, with annual tonnages and delivery schedules for ammonia already set.
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India launches subsidy scheme for renewable ammonia production
The Indian government has launched a new incentive scheme for renewable ammonia, aiming to support the production of 550,000 tonnes per year from 2027. The news comes as the first winners of subsidies for renewable hydrogen production & domestic electrolyser manufacturing were announced. In December, the government also amended an existing scheme to provide financial assistance for new-build vessels powered by green fuels, including ammonia.