ACME Cleantech Solutions has won Solar Energy Corporation of India’s (SECI) auction to supply 50,000 tons per annum (TPA) of green ammonia under the Strategic Interventions for Green Hydrogen Transition (SIGHT) program (Mode-2A-Tranche-I).

ACME quoted a tariff of ₹51.89 (~$0.593)/kg to win the auction. The tariff discovered is slightly higher than the previous tariff of ₹50.75 (~$0.580)/kg won by Jakson Green.

The green ammonia will be supplied to Coromandel International in Visakhapatnam, Andhra Pradesh, for ten years.

The tender was initially floated in June 2024 and subsequently amended to increase the projects under its scope.

ACME must establish production facilities to supply green ammonia to SECI and secure all approvals and permits, including those for land. It must ensure production, storage, and delivery to the delivery point.

The company must also identify land, construct and own the facility, and handle all logistics up to delivery.

The awarded capacity must be produced and supplied directlyand no trading or arbitrage is permitted. However, ACME can meet up to 10% of the annual capacity committed through third-party or other sources.

The green ammonia supplied can be produced using renewable energy sourced from either a co-located or remotely located project. The producer or a third party may own these projects. It may also procure renewable energy from the power exchanges.

ACME Cleantech Solutions had earlier won SECI’s auction to supply 75,000 TPA of green ammonia annually to Paradeep Phosphates in Orissa for ten years at a tariff of ₹55.7 (~$0.627)/kg.

In 2023, the government approved the National Green Hydrogen Mission to facilitate demand creation, production, utilization, and export of green hydrogen with an initial outlay of ₹197.44 billion (~$2.3 billion).

A large portion of the funding, around ₹174.9 billion (~$1.99 billion), is earmarked for the SIGHT program. The rest of the outlay has been divided among other initiatives, including ₹14.66 billion (~$166.95 million) for pilot projects, ₹4 billion (~$45.55 million) for research and development, and ₹3.88 billion (~$44.18 million) towards other mission components.