Bulletin Updates

The Green-Ammonia inflection: Price gap already shrinking and the maths shows why – 7 Aug 2025

Aug 07, 2025

India’s first two SIGHT auctions did not price green ammonia at “double” the grey benchmark; the premium landed at +66 % to +79 %. Factor in Gulf-origin price volatility, falling electrolyser capex and an 87 % renewable load-factor target, and that gap can compress to +30 % or less before the subsidy expires in Year 4.

Here’s the arithmetic — and the upside scenario few are modelling.

The full story is for subscribers. Log in to read it, or start a free trial.
Log in Start a free trial »