Ayana Renewable Power and Greenstat Hydrogen India have entered into a joint development agreement for development of green hydrogen projects in India.
Under this partnership, the companies will develop large scale green hydrogen solutions (hydrogen from renewable energy sources), to provide long-term supply of green hydrogen to industrial and commercial customers in India.
An initial pilot project will be launched in Karnataka.
This partnership supports the National Hydrogen Mission with an aim to make India a global hub for production, and export of green hydrogen.
Founded in 2018, Ayana Renewable Power is majorly owned by majority owned by National Investment and Infrastructure Fund (NIIF), while Greenstat Hydrogen India is a subsidiary of Norway-based Greenstat ASA.
Right expertise
Shivanand Nimbargi, CEO & MD, Ayana added: “By 2050, India aims to produce three fourth of its hydrogen from renewable energy source. Ayana and Greenstat being specialists in their respective domains, carry the right expertise to facilitate this growth.”
Fruitful collaboration
According to Sturle Pedersen, Chairman of Greenstat Hydrogen India, “It is with great joy and expectations that Greenstat looks forward to a long-term and fruitful collaboration with Ayana. Together, we strongly believe that strong measures are needed to succeed in the transition from fossil to renewable energy, and green hydrogen molecules will be a key factor in the energy transformation. We strongly believe that cooperation between our companies will have significant contribution to this green shift.”
Also read: Greenko Group, Ayana Join Hands For Energy Storage
Portfolio of 3.6 GW
Ayana develops utility-scale solar, wind and RE hybrid projects across India to build cost-effective capacity. Ayana is currently involved in the development and management of more than 3.59 GWac of solar, wind and hybrid power projects across several Indian states and has an operational capacity of 1.19 GW of renewable energy projects in Andhra Pradesh, Karnataka and Rajasthan.
Featured photograph shows (L to R) Vegard Frihammer (CEO Greenstat ASA), Sturle Pedersen (Chairman Greenstat Hydrogen India), Hans Jacob Frydenlund (Ambassador), Anniken Huitfeldt (Foreign Minister, Norway), RK Singh (Power, New & Renewable Energy Minister, India), Shivanand Nimbargi (CEO, Ayana Power), Indu Shekhar Chaturvedi (Secretary MNRE, Govt. of India)
