{"id":585,"date":"2023-12-07T15:48:34","date_gmt":"2023-12-07T15:48:34","guid":{"rendered":"https:\/\/iqeq.com\/ae\/news\/iq-eq-appointed-to-support-new-green-energy-platform-am-green\/"},"modified":"2024-08-19T06:16:33","modified_gmt":"2024-08-19T06:16:33","slug":"iq-eq-appointed-to-support-new-green-energy-platform-am-green","status":"publish","type":"news_article","link":"https:\/\/iqeq.com\/ae\/news\/iq-eq-appointed-to-support-new-green-energy-platform-am-green\/","title":{"rendered":"IQ-EQ appointed to support new green energy platform AM Green"},"content":{"rendered":"
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We\u2019re delighted to announce that IQ-EQ has been appointed to service AM Green, a new green energy platform based in India. The venture is set to attract major investment from Malaysia\u2019s state-owned energy company, Petronas, and Singapore\u2019s sovereign wealth fund, GIC, signifying the largest foreign direct investment into this sector in India to date.<\/h3>\n

The AM Green platform is being established specifically for green molecules, including green hydrogen, green ammonia and other chemicals. Its aim is to set up 5 MPTA (million tonnes per annum) of green ammonia facilities and to be among the lowest-cost producers in this space.<\/p>\n

IQ-EQ\u2019s Luxembourg and Netherlands teams, led respectively by client relationship directors Ajit Singh Rai<\/a> and Anand Bhugra, have been appointed to provide full corporate administration and SPV services<\/a> to AM Green, including four entities in Luxembourg and another four in the Netherlands.<\/p>\n

This news also notably follows the recent announcement that King Willem-Alexander of the Netherlands has officially opened the first phase of the national hydrogen network in Rotterdam<\/a>, which is to become operational in 2025. Once complete, the extensive network will bring together large-scale hydrogen production facilities, import terminals in sea ports, and a wide range of domestic and international businesses committed to sustainable hydrogen usage. With Dutch SPVs serviced by IQ-EQ Netherlands, it is likely that AM Green will leverage this network.<\/p>\n

Commenting on IQ-EQ\u2019s appointment, a spokesperson from AM Green said:<\/p>\n

\u201cFollowing a competitive bid process, the team at AM Green is very pleased to award this important service mandate to IQ-EQ as we look to get our significant new venture off the ground. With US$2 billion of investment already committed to the AM Green platform, this is a hugely exciting time for us and for the renewables sector in India as a whole, as we help corporates and governments improve their carbon footprint. We are happy to have IQ-EQ\u2019s support as we move forward.\u201d<\/p>\n

Diana Senanayake<\/a>, IQ-EQ\u2019s Regional CEO for Continental Europe, added:<\/p>\n

\u201cWe\u2019re delighted to have AM Green on board as a client of our Luxembourg and Netherlands offices and look forward to working closely with the team. The platform\u2019s focus on green energy fits well with our Group-wide sustainability focus and we\u2019re very proud to be supporting such a positive and game-changing venture in the Indian market.\u201d<\/p>\n <\/div>\n<\/section>","protected":false},"excerpt":{"rendered":"","protected":false},"featured_media":586,"menu_order":0,"template":"","expertise":[42],"service_category":[],"class_list":["post-585","news_article","type-news_article","status-publish","has-post-thumbnail","hentry"],"acf":[],"yoast_head":"\nIQ-EQ appointed to support new green energy platform AM Green | IQ-EQ UAE<\/title>\n<meta name=\"description\" content=\"IQ-EQ has been appointed by AM Green, a new India-based green energy platform set to attract the largest FDI into this sector in India to date.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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