Reliance Chairman Mukesh Ambani unveiled his organisation’s future, renewable-based plans at the recent AGM in Mumbai. Along with scaling solar and electrolyser manufacturing, Reliance aims to become a “major producer and exporter” of hydrogen and derivatives, including 3 million tons per year of “renewable hydrogen equivalent production” by 2032.
At the recent Japan-India Summit, the governments committed to cooperation on R&D, development of policy, regulations, market mechanisms, infrastructure, and the establishment of a hydrogen/ammonia trade corridor between India and Japan.
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.
Larsen & Toubro and ITOCHU will develop and commercialise a 300,000 tons per year renewable ammonia plant in Kandla, on India’s west coast. L&T reportedly plans to invest over $5.6 billion in six ammonia production plants around Kandla, serving marine fuel, bunker and export markets.
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.
Wärtsilä has supplied a new advanced simulation suite for the Akademi Laut Malaysia (ALAM) maritime training institute, featuring dual-fuel simulator technology and training for methanol and ammonia fuels across different engine types. In Kochi, India, Bernhard Schulte Shipmanagement (BSM) has just launched its first methanol bunker simulator, with an ammonia version to follow in early 2026.
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.
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.
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.
Europe-based developers Hynfra and Yamna have signed agreements with the Andhra Pradesh state renewable energy agency for the development of two renewable mega-projects, totalling 2 million tons of ammonia production capacity and $6 billion in investments.