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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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Adani Energy Solutions has had a $330 million transmission project approved that will supply power to its renewable hydrogen and ammonia project in Mundra, Gujarat. The first phase of the Mundra Green Hydrogen Hub will feature 1 million tons per year hydrogen production capacity, with ammonia to be utilized for coal co-firing, marine fuel, exports, and as a substitute for current feedstock imports into India.

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Already in 2025, we have seen multiple initiatives launched and resources released to contribute to seafarer training ahead of the first ammonia-fueled vessels. Here, we explore the IMO’s first training guidelines, a new bunker training facility in India, and a safe procedures manual for ammonia bunkering developed by Copenhagen Infrastructure Partners.

H2Global prepares for second auction round
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H2Global’s new €3 billion auction for long-term supplies of renewable hydrogen and its derivatives has received EU approval, including €1.2 billion for regional funding in Canada and Australia. H2Global also progressed partnerships with the Tokyo Metropolitan Government, and the Solar Energy Corporation of India.