Jakson Green Sets New Benchmark in Green Ammonia Auction with Record-Low Price

Strategic Insights -

Jakson Green has achieved a major milestone by securing the sixth green ammonia auction with a record-low price of 50.75 per kg, surpassing the previous benchmark of 51.80/kg set by the Solar Energy Corporation of India (SECI). This achievement not only sets a new standard for green ammonia pricing in India but also strengthens the competitiveness of the renewable energy sector. The company has emerged as the successful bidder with a capacity of 85,000 tonnes per annum (tpa) and will supply green ammonia to Coromandel International Ltd (CIL) in Kakinada, Andhra Pradesh, marking a significant step towards decarbonizing fertilizer production and related industries.

Key Takeaways:

  • Jakson Green secured the sixth green ammonia auction with a record-low price of 50.75 per kg, surpassing the previous benchmark of 51.80/kg set by the Solar Energy Corporation of India (SECI).
  • The company will supply green ammonia to Coromandel International Ltd (CIL) in Kakinada, Andhra Pradesh, with a capacity of 85,000 tonnes per annum (tpa).
  • The auction was backed by the Strategic Interventions for Green Hydrogen Transition (SIGHT) Scheme, Mode-2A, which provides assured offtake provisions and long-term market stability for producers.
  • Jakson Green's winning bid reinforces its leadership in the renewable energy space and contributes to India's broader decarbonization goals, helping to accelerate the adoption of green hydrogen and ammonia solutions across critical industries.
  • The SIGHT Scheme aims to advance India's clean energy transition by providing a framework for long-term market stability and assured offtake provisions for producers.
  • Coromandel International Ltd (CIL) is a leading fertilizer production company in India, and the partnership with Jakson Green will provide a significant step towards decarbonizing fertilizer production.
  • The partnership marks a significant step towards decarbonizing fertilizer production and related industries in India.
  • The auction showcases India's commitment to renewable energy and decarbonization, with the government providing schemes and incentives to promote green energy adoption.

Statistics:

  • Record-low price of 50.75 per kg, surpassing the previous benchmark of 51.80/kg.
  • Capacity of 85,000 tonnes per annum (tpa) for green ammonia production.
  • 50.75 per kg green ammonia price is a 1.10% reduction from the previous benchmark.
  • The auction was backed by the SIGHT Scheme, Mode-2A, which provides long-term market stability for producers.
  • The SIGHT Scheme aims to promote green energy adoption in India, with a focus on hydrogen and ammonia production.

Sources:

  • Solar Energy Corporation of India (SECI)
  • Coromandel International Ltd (CIL)
  • pv-magazine-india.com
  • Strategic Interventions for Green Hydrogen Transition (SIGHT) Scheme, Mode-2A