india to export green energy to Singapore from 2025

India will start exporting green energy from 2025, with the first shipments going to a power plant in Singapore under an MoU signed by an India-based renewable renewable energy company and Singapore's energy operations.

In the MoU to explore green hydrogen potential in India, the Greenko group and Singapore's Keppel Infrastructure will work on a 250,000 tpa contract to supply Keppel's new 600MW power plant in Singapore.

Furthermore, the contract for the export of green ammonia would also be extended to bunker fuel through the Keppel network in Singapore's network of bunker fuel deliveries to ships, said Mahesh Kolli, president and co-director of Greenko Group.

Likewise, Greenko's wide range of investments includes $5 billion in the storage of carbon-free green hydrogen energy across India.

Greenko is set to participate in green hydrogen exports from 2025-26 and estimates global demand at 50 million tons per year worldwide, including 15 million tons to replace bunker fuels in ships.

The green ammonia will fuel newly built ships, including a fleet ordered by the international shipping group Maersk. This is the first time it makes carbon-free energy at the lowest cost.

Last month, Greenko signed an agreement to supply one million tons of green ammonia per year to South Korean steel and energy producer Posco. Completion is also expected from 2025-26.

In total, Greenko plans to produce nearly three million tons of green ammonia, which will also cover domestic demand. Greenko's green ammonia will help reduce India's imports of approximately six million tons of ammonia and urea.

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