Japan’s $3 bn 25‑year CfD makes India’s Odisha green‑ammonia hub bankable
Japan approved a 25‑year contract‑for‑difference worth about $3 billion for the ACME‑IHI joint venture’s 405,000‑tonne per year green ammonia plant in Gopalpur, Odisha. The subsidy guarantees Japanese buyers a price comparable to grey ammonia, making the project bankable and positioning India as a future export hub for low‑carbon fertilizers.