[SMM PV News] Reliance and Samsung C&T Sign $3B Green Ammonia Deal

Published: Mar 23, 2026 13:46

Save

Reliance Industries secured a binding 15-year, $3 billion agreement to supply green ammonia to South Korea's Samsung C&T starting in FY2029. This landmark deal supports India's 'National Green Hydrogen Mission' and underpins Reliance's integrated new energy platform, which features in-house manufacturing of solar modules, 'BESS', and electrolyzers. The partnership is a major step in Reliance's strategy to become a leading global exporter of cost-competitive green fuels.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

4 mins ago

【SMM PV News】Symposium on Mandatory National Standards for PV Modules Held in Beijing

Mar 20 - A symposium on two mandatory national standards, "Safety Requirements for PV Modules" and "Nameplate Identification Requirements for PV Modules," was held in Beijing on Mar 19 to advance their formulation and implementation. Xiong Jijun, Vice Minister of MIIT, delivered a speech. The meeting stressed that PV manufacturers must strengthen standard guidance and safety supervision. State-owned power generators should optimize bidding mechanisms, benchmark standards early in procurement, and prioritize safety. All parties must collaborate to drive the PV industry from "scale-leading" to "value-leading," fostering safe and reliable competition, and solidifying national energy security.

4 mins ago

28 mins ago

【SMM New Energy News】NEA to Actively Promote Diverse Clean Energy Development During 15th Five-Year Plan

Mar 23 - The China Development Forum 2026 opened in Beijing yesterday. Wan Jinsong, Deputy Director of the NEA, stated that during the "15th Five-Year Plan", China will actively promote diverse clean energy sources, including wind, photovoltaics (PV), nuclear, and biomass, building a resilient new energy system with multi-energy complementarity. China will also drive the deep integration of energy and digital revolutions. Furthermore, China will uphold an open and cooperative attitude to jointly maintain the stability of the global new energy supply chain, establish a transparent and non-discriminatory international energy market, and facilitate the global free flow of new energy products, technologies, and services.

28 mins ago

48 mins ago

【SMM PV News】Canadian Solar: 2026 US Market Module Shipments Expected to Reach 6.5-7GW

On March 19, Canadian Solar Inc. (CSIQ) disclosed its 2025 results and 2026 outlook. Data shows Q4 2025 module shipments were 4.3GW. Full-year 2025 module shipments reached 24.3GW (with a record 8.1GW delivered to the US market), and energy storage shipments hit 7.8GWp. Regarding overseas capacity, the 5GW module plant in Texas is fully operational and is planned to expand to 10GW in H2 2026; the phase I (2.1GW) HJT cell plant in Indiana expects trial production in April 2026. Looking into 2026, Q1 module shipments are estimated at 2.2-2.4GW, and full-year US market module shipments are projected to reach 6.5-7.0GW.

48 mins ago