India to Export Green Energy to Singapore from 2025

Greenko

India’s Greenko Group and Singapore’s Keppel Infrastructure have entered into an agreement on green hydrogen. Under the MoU, the two firms will working on a 250,000 tonne yearly contract for Keppel’s new 600 Mw power plant situated in Singapore. The MoU was signed on the on the sidelines of the Singapore International Energy Week.

This is the first time that India will be exporting green energy from 2025. The first shipments will be to Singapore.

Provisions of the Contract

The contract signed between Keppel and Greenko will also entail bunker fuel through the Keppel network in Singapore, revealed Mahesh Kolli, President and Joint Managing Director of Greenko Group.

He further added that Greenko’s wide-ranging investments also entails USD 5 billion towards carbon-free green hydrogen energy storage across India.

“India will be exporting energy for the first time from 2025,” shared Kolli, following the signing of the contract. Kolli also said Greenko that would participate in green hydrogen exports from 2025-26 onwards and went on to estimate that the global demand for green hydrogen global would reach 50 million tonnes, of which 15 million tonnes would be for replacing bunkers fuels in ships.

The green ammonia exported will aid in fuelling newly constructed ships, which would also include a fleet by Maersk- the international shipping group.

“This is the first time we are making lowest cost carbon-free energy which means this energy is of high quality,” he added.

About Greenko

The Greenko Group is among the world’s leading energy transition and decarbonization solutions companies, which boasts of an installed capacity of renewable energy of 7.5 GW across wind, solar and hydro.

In September this year, Greenko entered into a contract for supplying one million tonnes a year of green ammonia supply to Posco, which is South Korea’s steel and power producer. The delivery is expected from 2025-26 on.

With respect to its green ammonia ambitions, Kolli shared that Greenko is planning to produce nearly three million tonnes, which will also look at domestic demand. Further, Greenko’s green ammonia production will aid India in cutting down imports of about six million tonnes of ammonia and urea.

The occasion of the signing of the MoU between Keppel and Greenko was graced by the virtual presence of Petroleum and Natural Gas Minister Hardeep Singh Puri as well as Singapore’s Trade and Industry Minister Gan Kim Yong.

Puri said about the MoU, “Over the last few years, India has developed unparalleled strength in renewable paths, which acts as a catalyst in producing green hydrogen at competitive prices. I think the manner in which we have brought down the cost of solar power and I think is something that as appreciation and being applauded, applied throughout the world equally.”