Adani Forms Joint Venture with Kowa Group for Green Hydrogen Sales in Japan, Taiwan, and Hawaii

14 Sep 2023 , 02:40 PM

Adani Group has entered into a 50:50 joint venture (JV) with Japan’s Kowa Group for the sale of green hydrogen, green ammonia, and their derivatives in Japan, Taiwan, and Hawaii markets.

The Gautam Adani-led conglomerate is committed to investing up to USD 50 billion in the next decade to establish a comprehensive green hydrogen ecosystem in India. This includes an initial production target of 1 million tonnes of green hydrogen, eventually scaling up to 3 million tonnes.

Adani Global Pte Ltd, based in Singapore and a wholly-owned subsidiary of Adani Enterprises Ltd, Singapore, is facilitating the JV. The focus of the JV will be on marketing these eco-friendly products in specified regions.

Green hydrogen is produced using renewable energy sources, such as solar power, to split hydrogen from water molecules, making it a clean energy source.

Adani is already a major player in the renewable energy sector and plans to expand solar module manufacturing capacity at Mundra SEZ in Gujarat to 10 GW per year. The facility will produce various components, including metallurgical-grade silicon, polysilicon, ingots, wafers, cells, and modules used for solar energy generation.

To ensure cost-efficiency, sea water will be desalinated before being used in electrolyzers for the production of low-cost green hydrogen.

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