NeoGreen Hydrogen Corp signs PPA with ANDE in Paraguay

NeoGreen Hydrogen Corp. has signed a 75MW baseload Power Purchase Agreement (PPA) with ANDE, the national electricity company of Paraguay.

The project, which will be built in Tres Fronteras – an area where Brazil, Paraguay and Argentina converge, close to the Iguazu and Parana rivers – will produce green fertiliser for supply to both the domestic market and regional customers by river export. Final Investment Decision (FID) is expected by Q4 and green hydrogen and ammonia production is targeted for mid-2026.

The PPA with ANDE has been agreed “at the lowest commercial rate”, enabling the production of affordable green ammonia using electricity produced from Itaipú Hydroelectric Dam.

Initial design concept is estimated to produce 10,000MT per year of green hydrogen that will be converted into ammonium nitrate for use as part of NPK fertiliser blends.

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