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Juno Joule Green Energy entered into a Memorandum of Understanding (MoU) with Select Energy GmbH to co-develop a world-class, export-oriented green hydrogen and ammonia facility in Andhra Pradesh.
The MoU was signed by Nagasharath Rayapati, CEO, Juno Joule Green Energy, and Felix Danger, Managing Director, Select New Energies GmbH, at the World Hydrogen Summit 2025 in Rotterdam, Netherlands.
“We are honoured to partner with Select as a co-developer in our mission to build a globally competitive green energy hub in India,” Nagasharath Rayapati, CEO, Juno Joule Green Energy said in a release.
“With their deep expertise in energy trading and end-to-end logistics including shipping infrastructure, this collaboration reinforces our execution capability and accelerates the global transition to a low-carbon economy,” he added.
Equity participation
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.
As a co-developer and anchor offtaker Select Energy will support project financing, provide end-to-end logistics expertise including pipeline connectivity and shipping infrastructure. It will also facilitate access to high-demand markets such as the European Union and Japan through its trading and regulatory capabilities.
Juno Joule retains majority ownership and leads project development. Select Energy GmbH holds a minority equity stake as part of its role as co-developer and anchor offtake partner.
The Juno Joule Green Hydrogen project will be developed in Mulapeta Port on India’s East Coast in Andhra Pradesh in three phases with a total investment of $1.3 billion (₹10,000 crore) 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 nearly 6,000 direct and indirect employment and would also lead to technology transfer, upskilling of local talent, and the emergence of the region as a clean energy hub on the global map.
Juno Joule’s project is poised to supply green hydrogen and ammonia to major international markets across Europe and Asia.
Published on May 22, 2025