Private developer to build $2.8bn, 1.8GW green hydrogen and ammonia project in northern India
Rajasthan facility could produce 365,000 tonnes of renewable H2 and NH3 per year — yet it is far from India’s biggest planned green H2 project
Indian renewables producer Jakson Green says it will build a $2.8bn, 1.8GW green ammonia and hydrogen project in northern India by 2028, along with new renewable energy to power it.
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A memorandum of understanding (MoU) has been signed with the state government of Rajasthan, which has promised to “facilitate Jakson Green in obtaining necessary registrations, approvals, clearances, and provide incentives, among others”.
While Jakson Green plans to complete the first phase next year, it has not yet secured financing, the spokesperson explains.
“We are in active discussions with investment partners for the financing, including but not limited to banks; this is work in progress at the moment”, she says.
Jakson Group currently generates more than 360GWh of renewable energy a year, and also manufactures solar modules, battery storage systems, and diesel and gas generators.
Its project in the city of Kota, Rajasthan, is one of several large green hydrogen projects announced in India this year, but is nevertheless dwarfed by gigawatt-scale projects planned in southern parts of the country.