Indian energy company Torrent Power announced on Sept. 16 that it will invest INR72 billion ($859 million) in a green hydrogen and ammonia facility in Gujarat state with an annual capacity of 100,000 mt of green ammonia, with production slated to start in the first quarter of 2027. An additional capacity expansion would bring production capacity to 450,000 mt/y.
The company also announced plans to achieve 10 GW of installed renewable energy capacity across India by 2030, for a total investment of INR570 billion ($6.8 billion).
Earlier this year, Torrent Power participated in India’s first auction for green hydrogen and electrolyzer subsidies. The company was awarded a grant for 50,000 mt of green hydrogen production over three years.