BII Nears $200M Deal for Green Hydrogen, Ammonia Production
British International Investment (BII) is nearing a significant deal in the renewable energy sector. The investment firm is in advanced talks to pour $200 million into a Gujarat-based renewable energy group, marking a substantial step into green hydrogen and green ammonia production.
The planned investment, amounting to $200 million, will support the company's foray into green hydrogen and green ammonia production. This strategic move aligns with BII's commitment to sustainable investments and the global transition to clean energy.
The Gujarat-based renewable energy group, while not named, is set to benefit from BII's expertise and financial backing. The deal, if finalized, will bolster the company's capabilities in producing clean fuels and chemicals, crucial for a low-carbon future.
BII's planned investment in the Gujarat-based renewable energy group signals a significant push into the green hydrogen and green ammonia sector. The deal, once finalized, will not only strengthen the company's portfolio but also accelerate the transition to cleaner energy sources.
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