Site items in: North America

Macquarie, ACME help finance renewable ammonia projects
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A $325 million investment from Macquarie Asset Management will support Atlas Agro’s new Pacific Green Fertilizer Plant in Washington state, USA. FID on the plant is due early next year, which will produce 700,000 tonnes of zero-carbon nitrate fertiliser each year.

In India, ACME Group has secured two loans from REC Limited: $500 million to fully finance the first phase of the ACME’s Duqm renewable ammonia project, and $2.5 billion to support the first phases of ACME’s “round the clock” renewable power projects in Odisha and Tail Nadu.

EverWind acquires onshore wind power for Nova Scotia mega-project
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Three wind farms totalling 530 MW will be developed in partnership with RES & First Nation communities to help power the first phase of EverWind Fuel’s mega-project in Point Tupper. EverWind is also planning the development of a further 2 GW of onshore wind energy, plus a 300 MW solar farm. Ammonia from Point Tupper will be exported to the EU, beginning in 2025.

Hy2gen announces new ammonia project in Mexico
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Hy2gen’s latest ammonia project will feature 200 MW of electrolysers powered by offgrid wind and solar energy, producing 180,000 tonnes of renewable ammonia per year for export to the EU. Local wind developer Mexion Corporation and German development agency GIZ will partner with Hy2gen to proceed with feasibility studies.