Hyderabad-headquartered Juno Joule Green Energy has signed an MoU with German clean energy firm Select Energy GmbH to co-develop an export-oriented green hydrogen and ammonia facility in Andhra Pradesh.

Unlocking substantial industrial and economic opportunities for both Andhra Pradesh and Telangana by shaping the region as a key player in India’s clean energy future is an objective behind the MoU, it said following signing of the agreement at the World Hydrogen Summit 2025 in Rotterdam on Wednesday (May 21, 2025).

The agreement includes equity participation in the project’s special purpose vehicle (SPV), development of ammonia export terminals and port-connected pipeline logistics, alignment with European regulatory frameworks like RFNBO and RED II/III, and a long-term offtake agreement with a blended pricing model that balances market stability and global competitiveness, it said in a press release on Thursday (May 22, 2025).

Juno Joule said it is the only private Indian company exhibiting independently at the summit. It is showcasing details of an ambitious green hydrogen and ammonia project being developed at Mulapeta Port in Andhra Pradesh. With a total planned investment of $1.3 billion (₹10,000 crore), the project is to be developed in three phases to produce approximately 180 KTPA of green hydrogen by 2029, which will be converted into up to one million tons of green ammonia annually for export. Construction is expected to commence in 2026.

The project is estimated to generate 5000 to 6,000 direct and indirect jobs across operations, construction, logistics, and support sectors.

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.

CEO of Juno Joule Green Energy Nagasharath Rayapati and Select New Energies GmbH MD Felix Danger signed the MoU, the company said.