ONGC and Greenko plan $6bn green ammonia project

Indian state-owned oil company and renewables developer eye world market with agreement to develop 1.3GW project

Indian state-owned ONGC has signed a memorandum of understanding with Greenko, the country’s largest renewables firm, to jointly develop a $6bn green ammonia project aimed at international markets. The project would be based on 1.3GW of electrolyser capacity to produce green hydrogen for conversion to 1mn t/yr of ammonia from 2026, ONGC says. Proposals include the joint development of 6-7GW of solar and wind power, which would be coupled with Greenko’s pumped hydro storage capacity. Greenko has an installed generation capacity of 7.3GW across solar, wind and hydro assets spread over more than hundred projects across 15 Indian states. “The project will be instrumental in achieving India’s tar