NatWest’s five-year Climate for Transition (CFT) framework will see the UK bank finance £200 billion worth of investments aligned with climate and transition focused finance. Low carbon fuels such as CCS-based and renewable hydrogen and ammonia feature prominently in the framework.
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.
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.
Hiringa Energy, Sundown Pastoral Company and the NSW Government announced that financial close has been reached on the Good Earth Green Hydrogen and Ammonia (GEGHA) project in Moree, regional NSW. Project financing was provided by the National Australia Bank, with funding from the NSW state government.
Hintco is inviting applications from renewable hydrogen and related fuel producers to participate in its supply-side auctions focussing on bidders from Africa, Asia, America & Oceania, and North America.
The Australian Renewable Energy Agency has conditionally awarded AU$432 million in hydrogen production credits to support the operation of the Hunter Valley Hydrogen Hub. Located adjacent to Orica’s existing ammonia production facility on Kooragang Island, the grid-powered, 50 MW electrolysis plant will displace around 7.5% of gas feedstock consumed daily.
Winning projects in the second round of the EU Hydrogen Bank auction have been announced. Requesting production subsidies similar to first round winners, fifteen renewable hydrogen projects will be funded over ten years, including two ammonia projects led by IGNIS in Spain. A third auction round is set to launch later this year.
Accelerate to Demonstrate (A2D) – a UK government-backed UNIDO initiative – will provide support for the Daures Green Hydrogen Village project, aiming to produce low carbon fertilisers in Namibia from 2027.
More than half the awarded funding goes towards ammonia, including GW-scale projects led by Copenhagen Infrastructure Partners and Moeve. IGNIS has also won funding for its maritime fuel-focused project in Coruña.