Ayana Renewable Power and Greenstat Hydrogen India have signed an agreement to jointly develop green hydrogen projects in India. The first one will be launched in Karnataka.
Ayana Renewable Power, a Bengaluru-based renewable energy platform that is majority-controlled by National Investment and Infrastructure Fund (NIIF), has decided to team up with Greenstat Hydrogen India, a unit of Norway-based Greenstat ASA, to jointly develop large-scale green hydrogen projects in India.
The two partners are looking at long-term supplies for industrial and commercial customers. They will initially launch a pilot project in Karnataka.
Ayana is executing more than 3.59 GW AC of solar, wind and hybrid power projects across India, in addition to its 1.19 GW AC of assets already operational in Andhra Pradesh, Karnataka, and Rajasthan. Its partnership with Greenstat Hydrogen India combines their respective expertise to facilitate the development of green hydrogen in India, as the nation aims to boost domestic production of green hydrogen to 5 million tons per annum by 2030.
“By 2050, India aims to produce three-fourths of its hydrogen from renewable energy sources. Ayana and Greenstat being specialists in their respective domains, carry the right expertise to facilitate this growth,” said Shivanand Nimbargi, Ayana’s chief executive officer and managing director.
