Hyderabad, India, 9th May 2025 — AM Green, supported by Greenko, has entered into a strategic, far-reaching agreement with Coal India Limited (CIL) to receive 4500 MW of renewable energy. This will power AM Green’s green ammonia production facilities, marking an important step in India’s efforts to transition to cleaner energy.
A memorandum of understanding (MoU) was signed on 7th May 2025 between the two companies, outlining the plan for a phased energy supply. The project will involve the development of solar and wind power plants across India, with an investment of around ₹25,000 Crore. The solar plants will contribute 2500–3000 MW, while wind power will account for 1500–2000 MW. To ensure continuous supply, the energy will be supported by pumped hydro storage.
AM Green, CIL Finalize India’s Largest 4500 MW Green Power Agreement
This partnership is central to AM Green’s goal of producing 5 million tons per annum (MTPA) of green ammonia by 2030, helping to support India’s wider green hydrogen plans. Anil Chalamalasetty, Founder of Greenko and AM Green, said, “We are delighted to partner with CIL on one of the world’s largest carbon-free, renewable energy supply contracts. We aim to become one of the most cost-competitive producers of green hydrogen, green ammonia, and other green molecules in the world”.
For Coal India, a company primarily known for coal-based energy, this agreement is part of their broader strategy to include more renewable sources in India’s energy mix. P.M. Prasad, Chairman of CIL, stated, “While coal remains our mainstay in meeting India’s expanding energy needs in the near term, our plans include a proactive role in building a greener and more sustainable future. This is in consonance with our commitment to become country’s integrated energy provider” said P M Prasad, CIL’s Chairman.
AM Green is promoted by founders of Greenko Group, which is among India’s leading renewable energy conglomerates. Greenko Group has experience in building, owning and operating renewable assets and is in the process of constructing mega closed loop pumped storage assets which will enable supply of round the clock power at a very competitive rate.
The founders have established it as as a new energy transition platform. AM Green’s target is to produce Sustainable Aviation Fuel, Green Ammonia, Green Hydrogen, Green Chemicals and biofuels and to set up related technology partnerships and services through its various business verticals which are housed in the subsidiaries of AM Green. The firm will house production of green chemicals, green hydrogen, and biofuels.
The company is committed to producing green ammonia at scale across multiple locations in India. Goal is to reach 5 MTPA of green ammonia capacity by 2030, which will directly contribute to India’s net-zero targets, while simultaneously supporting OECD markets in their decarbonization efforts. This output will be equivalent to 1 MTPA of green hydrogen, representing one-fifth of India’s target for green hydrogen production and 10% of Europe’s target for green hydrogen imports.
