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GAIL Partners with AM Green for 2.5 GW Solar-Wind Hybrid Projects and Green Chemical Projects

GAIL and AM Green have signed an MoU to collaborate on sustainable energy projects, focusing on CO2 supply for eMethanol production and developing up to 2.5 GW of hybrid renewable energy projects in India.

October 05, 2024. By Mrinmoy Dey

GAIL (India) Ltd. and AM Green B.V. (AMG) have signed a Memorandum of Understanding (MoU) to explore projects aimed at advancing sustainable energy solutions in India. The partnership focuses on the long-term supply of carbon dioxide (CO2) for eMethanol production and the exploration of hybrid renewable energy projects across India.

The MoU was signed in the presence of Rajeev Singhal, Director (Business Development), GAIL by Sumit Kishore, Executive Director (Business Development and Exploration and Production), GAIL and Mahesh Kolli, Group President, AM Green.

In line with the MoU, both parties envisage to undertake studies for a long-term supply of around 350 KTA CO2 generated by GAIL in its gas processing plants to produce eMethanol, an environmentally friendly fuel that can reduce carbon emissions and promote a circular economy. GAIL shall also have an equity option to invest in the proposed eMethanol project, ensuring a strategic partnership that supports both companies’ objectives in promoting sustainable energy solutions.

Further, both the parties envision to jointly explore setting up of solar/wind hybrid renewable projects up to 2.5 GW across India. The hybrid solar/wind projects combined with Greenko’s upcoming Pump Storage Projects are poised to supply Round the Clock power to the end users including the proposed eMethanol project.

Speaking on the occasion, Rajeev Singhal, Director (Business Development), GAIL said, “The signing of this MoU with AM Green underscores our commitment to pioneering sustainable energy solutions. By facilitating the supply of CO2 for eMethanol production, we are taking a proactive approach to reduce carbon emissions and support alternative fuel development. Development of renewable energy projects will support reducing the carbon footprint of the country and advancing India's transition to a greener energy landscape.”

Mahesh Kolli, Group President of AM Green, remarked, “This partnership demonstrates AM Green’s emerging leadership position as a global clean energy transition solutions platform while contributing to India’s ambition of emerging as an exporter of reliable, sustainable and lowest-cost green molecules and its derivatives. The production of green methanol shall also help in the decarbonisation of hard-to-abate sectors like shipping, steel, cement etc."

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Solar wind hybrid projects

Memorendum of Understanding