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.
27 low-emission hydrogen projects have been shortlisted for funding by the UK’s Department for Energy Security and Net Zero, including Statkraft’s marine ammonia fuel project in Shetland. The UK government has also confirmed that it will exempt electricity used in electrolysis from the Climate Change Levy - one of fourteen policy recommendations from the authors of the Splitting the Difference roadmap to reduce the price of producing electrolytic hydrogen in the UK by 58%.
Once operational, the Copenhagen Infrastructure Partners-led Murchison Green Hydrogen project will receive AU$814 million in hydrogen production credits from the Australian government as part of the Hydrogen Headstart program. Nearly 1.8 million tons of renewable ammonia per year will be produced, primarily for export to Asian markets.