Juno Joule Green Energy, Germany's Select Energy to invest Rs 10,000 crore in green hydrogen, ammonia facility in AP
Juno Joule Green Energy, Germany's Select Energy to invest Rs 10,000 crore in green hydrogen, ammonia facility in AP
HYDERABAD: Vijayawada-based renewable energy player Juno Joule Green Energy Pvt Ltd has inked a memorandum of understanding (MoU) with German clean energy company Select Energy GmbH to co-develop an export-oriented green hydrogen and ammonia facility in Andhra Pradesh at an investment of US$1.3 billion (approx.
Rs 10,000 crore).
The project, which will come up near Mulapeta port along the country's east coast, will be developed in three phases and aims to produce around 180 KTPA (kilo tonnes per annum) of green hydrogen by 2029, which will be converted into up to one million tons of green ammonia annually for export.
Construction on the project, which will be built to meet stringent EU RFNBO (EU Renewable Fuels of Non-Biological Origin) norms, is expected to commence in 2026.
The project is expected to generate around 5000 to 6,000 direct and indirect jobs across operations, construction, logistics, and support sectors.
It will also lead to technology transfer, upskilling of local talent, and the emergence of AP and Telangana region as a clean energy hub on the global map, the company said.
The facility will include an advanced desalination plant to sustainably source high-purity water from seawater, electrolysers powered by a diversified mix of solar, wind, and hydropower, and port-connected pipeline infrastructure for efficient large-scale exports.
by Taboola
by Taboola
Sponsored Links
Sponsored Links
Promoted Links
Promoted Links
You May Like
local network access control
Esseps
Learn More
Undo
The project will also integrate cutting-edge technologies from global leaders such as Thyssenkrupp Nucera and KBR Inc and will be supported by international logistics collaborations with partners in Germany and the Netherlands.
This strategic move is set to unlock substantial industrial and economic opportunities for both Andhra Pradesh and Telangana, reinforcing the region's emergence as a key player in India's clean energy future.
The MoU was signed by Juno Joule Green Energy CEO Nagasharath Rayapati and Select New Energies GmbH managing director Felix Danger at the World Hydrogen Summit 2025 in Rotterdam, Netherlands.
Stay informed with the latest
business
news, updates on
bank holidays
and
public holidays
.
AI Masterclass for Students. Upskill Young Ones Today!– Join Now
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Time of India
10 minutes ago
- Time of India
NFO Alert: Samco Mutual Fund launches large & mid cap fund
Synopsis Samco Mutual Fund introduces SAMCO Large & Mid Cap Fund. The new fund offer begins on June 5 and closes on June 19. This fund combines large-cap stability with mid-cap growth. It uses the C.A.R.E. Momentum Strategy. The fund invests in the top 250 companies. Minimum investment is Rs 5,000 or Rs 500 via SIP.
Time of India
10 minutes ago
- Time of India
IEX electricity trade volume jumps 14% to 10,946 MU in May
Live Events (You can now subscribe to our (You can now subscribe to our Economic Times WhatsApp channel The Indian Energy Exchange (IEX) on Wednesday said it has logged over 14 per cent growth in electricity traded volume at 10,946 million units (MU) in May as compared to the year-ago had achieved monthly electricity trade volume of 9,568 MU in May 2024, the company data showed.A total of 17.43 lakh Renewable Energy Certificates (RECs) were traded during the month, marking a 65 per cent year-on-year increase, an IEX statement clearing price in the Day Ahead Market was at Rs 4.12/unit during May 2025, a decline of 22 per cent year-on-year. Market clearing price in the Real Time Market fell 28 per cent year-on-year at Rs 3.43/unit last Day-Ahead Market (DAM) achieved 3,510 MU volume last month as compared to 4,371 MU volume in May 2024, a decline of 20 per Real-Time Electricity Market (RTM) reported highest ever monthly traded volume in May 2025 when the volume increased to 4,770 MU from 3,352 MU a year ago, an increase of 42 per Ahead Contingency and Term-Ahead Market (TAM), comprising contingency, daily & weekly and monthly contracts up to 3 months, traded 1,684 MU in May 2025 as compared to 1,221 MU a year ago. IEX Green Market , comprising the Green Day-Ahead and Green Term-Ahead Market segments, achieved 915 MU volume during the month under review as compared to 622 MU in May weighted average price in Green Day-Ahead Market (G-DAM) for May 2025 was Rs 3.59/unit.
Time of India
10 minutes ago
- Time of India
UAE Golden Visa vs Trump's EB-5: Which one fits your residency goals?
Two countries are offering permanent residency options for investors and skilled professionals. The UAE has its Golden Visa program, while the US recently revived the EB-5 Investor Visa under Donald Trump 's administration. Both promise residency, but their terms differ, according to a report by the Times of India. The UAE offers a renewable 10-year residency permit to investors, professionals, creatives, and property buyers. It does not require a local sponsor and allows holders to live, work, and study anywhere in the seven emirates. Under Trump's second term, the EB-5 program was fast-tracked and rebranded. Investors who put at least $800,000 into approved US projects can get a Green Card within 12 to 18 months. However, the investment must create at least 10 jobs. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Retirement Villages in Bangalore (Search Here For Results) Senior Living Communities Undo Real estate investment requirements (Join our ETNRI WhatsApp channel for all the latest updates) In the UAE, an investment of Dh2 million (around $545,000) in property qualifies, including mortgaged or off-plan properties, as long as the developer is government-approved. Live Events MORE STORIES FOR YOU ✕ Big changes ahead in passports for Indians in UAE in 2025 With US grudging visas, students veer to EB-5; applications for Green Card category up by more than 100% Donald Trump's 'gold card' visa program is basically a $5mn US green card « Back to recommendation stories I don't want to see these stories because They are not relevant to me They disrupt the reading flow Others SUBMIT The US requires a minimum investment of $800,000 in a Targeted Employment Area or $1.05 million elsewhere, with strict job creation requirements. Processing time and bureaucracy The UAE process can take as little as one month, with a simple document submission and medical test. In contrast, the US process involves lengthy reviews, audits, and detailed job creation verification. Lifestyle and taxes The UAE offers no personal income tax, safe cities, and good infrastructure. It is popular among Indian investors and expats. And the program is apolitical and consistent. The US charges taxes on worldwide income but offers a Green Card with access to education and citizenship. This program under Trump carries political associations and has faced criticism over its connection to populist policies. Family benefits and residency flexibility The UAE allows sponsoring family members and even domestic workers, with no residency time requirements to maintain the visa. The US Green Card includes family but requires physical presence to avoid issues with re-entry and taxation. The UAE Golden Visa suits those seeking a fast, simple, and tax-friendly residency option with regional access. The US EB-5 visa is better for those planning long-term residency and citizenship in America, despite more complexity and political baggage.
