Total and Adani plan 30 gigawatts of renewables for hydrogen production
Post date: 14/06/2022 - 17:57
French energy group Total Energies and India’s Adani Enterprises Limited (AEL) are aiming to produce one million tons of green hydrogen annually by 2030, with plans to add around 30 gigawatts (GW) of new power generation capacity as a »first milestone«. Total has acquired a 25 percent stake in Adani New Industries Limited (ANIL) on undisclosed terms. The enterprise is to be developed by the two partners into an integrated company operating along the entire value chain, »from the manufacturing of equipment needed to generate renewable power and produce green hydrogen, to the production of green hydrogen itself and its transformation into derivatives, including nitrogenous fertilizers and methanol, both for the domestic market and export.«
ANIL’s first project is to build production capacity for 1.3 million tons of urea per year from green hydrogen, which will replace the current urea imports. The company will invest about $5 billion in a 2-GW electrolyzer that will draw electricity from a 4-GW solar and wind farm.
Adani Group, active in raw materials, logistics, agribusiness and energy, and Total have been cooperating since 2018, when they began building a joint liquefied natural gas business. In 2020, Total acquired a 20 percent stake in solar project developer Adani Green Energy Limited for $2.5 billion.