Juno Joule Green Energy Partners with Select Energy for $1.3 Billion Green Hydrogen Project in Andhra Pradesh

India-based Juno Joule Green Energy has entered into a strategic partnership with Germany’s Select Energy GmbH to jointly develop a large-scale green hydrogen and ammonia production facility in Andhra Pradesh. The two companies signed a Memorandum of Understanding (MoU) at the World Hydrogen Summit 2025 in Rotterdam.

The agreement was formalised by Nagasharath Rayapati, CEO of Juno Joule Green Energy, and Felix Danger, Managing Director of Select New Energies GmbH, a subsidiary of Select Energy. The collaboration is aimed at establishing an export-focused, low-carbon energy hub aligned with global decarbonisation goals.

Under the terms of the MoU, both companies will co-develop the project and participate in the equity structure through a Special Purpose Vehicle (SPV). The agreement encompasses the development of ammonia export terminals, port-linked pipeline infrastructure, and adherence to European regulatory frameworks such as RFNBO and RED II/III. A long-term offtake agreement is also in place, featuring a blended pricing model to ensure both market stability and global competitiveness.

Select Energy will play a key role in facilitating project financing and offering end-to-end logistics expertise, including shipping and pipeline connectivity. The German firm will also leverage its trading and regulatory strengths to enable access to major green energy markets in the European Union and Japan.

Juno Joule will retain majority ownership and lead project development activities. Select Energy will hold a minority equity stake and serve as a co-developer and anchor offtaker.

The green hydrogen and ammonia facility will be constructed in three phases at Mulapeta Port on India’s eastern coast. With a total planned investment of $1.3 billion (approx. ₹10,000 crore), the project aims to produce around 180,000 tonnes of green hydrogen annually by 2029. This hydrogen will be used to generate up to one million tonnes of green ammonia for international export.

Construction is expected to commence in 2026. The project is projected to create approximately 6,000 direct and indirect jobs and contribute to local skill development and technology transfer. It is also expected to position the region as a key player in the global clean energy value chain.

Once operational, the facility will supply green hydrogen and ammonia to key international markets across Europe and Asia.