Singapore’s LNG Alliance Sets Up Business Unit in India for New Energies

Singapore-based LNG Alliance has said that its affiliate Carbon Governance has established a new business unit Linga New Energies in Chennai, Tamil Nadu, India to serve as a leading-edge technology hub for green hydrogen. LNG Alliance said in its official statement that the key focus of the new company will be new energies project developments in India and Southeast Asia.

LNG Alliance said that India is a global leader in the renewable space, having the fourth highest wind power and fifth highest solar installed capacity in the world. It said that Linga New Energies aims to build on the strong ecosystem and talent pool of solar power and wind farm expertise, readily available in Tamil Nadu.

LNG Alliance mentions that Tamil Nadu has the largest installed wind generating capacity among all the states in India, accounting for almost one fourth of India’s installed capacity, and has one of the highest potential for offshore wind farms with its 1076 kms long coastline. The southern Indian state is planning to install an additional 20,000 MW solar capacity by 2030.

Murali Dharan, Director for New Energies, said that LNG Alliance affiliate will focus on renewables based derivatives such as Green Hydrogen and Green Ammonia. He said, “Hydrogen demand in India is expected to grow more than four times by 2050, that could represent 10% of the global market. In addition to this, we will work towards enhancing the capacity building for affordable Battery Energy Storage Systems, where we see a great market opportunity in India.”

LNG Alliance said that India has a distinct advantage in low-cost renewable electricity, which paves the way for green hydrogen to emerge as the most cost-effective solution for a carbon neutral future.

“We plan to partner with leading universities in Tamil Nadu and international universities to create a Centre of Excellence for Green Hydrogen, creating the first of its kind ecosystem for the energy transition for a sustainable future in South Asia,” said Dr. Gho Wie Min, Technical Director of Carbon Governance, Singapore.