Government aims to produce 5 MT of renewable hydrogen by 2030
POWER & RENEWABLE ENERGY

Government aims to produce 5 MT of renewable hydrogen by 2030

By 2030, the government hopes to produce 5 MT of green hydrogen, according to the Nirmala Sitharaman, Finance Minister's statement on the budget on Wednesday.

She added that the budget allocates Rs 350 billion for high-priority capital investments related to net zero and energy transition goals.

The government will fund the installation of 4,000 MwH of battery energy storage, and a green credit programme would also be announced in accordance with the Environmental Protection Act.

The National Green Hydrogen Mission was approved by the government on January 4, 2023, with an initial investment of Rs 197.44 billion. The mission's goals are to make India an energy-independent nation and to decarbonise key industries. By 2030, the mission will support the development of green hydrogen demand, its production, use, and export, as well as the mobilisation of more than Rs 8 lakh crore in capital.

India may position this decarbonisation potential not just within the context of a low-carbon economy but also as a facilitator of energy security and economic development for the country.

Also read:
Acme partners with Norfound to invest in renewable energy projects
NTPC invites bids for BoS for 1 GW Solar Projects


By 2030, the government hopes to produce 5 MT of green hydrogen, according to the Nirmala Sitharaman, Finance Minister's statement on the budget on Wednesday. She added that the budget allocates Rs 350 billion for high-priority capital investments related to net zero and energy transition goals. The government will fund the installation of 4,000 MwH of battery energy storage, and a green credit programme would also be announced in accordance with the Environmental Protection Act. The National Green Hydrogen Mission was approved by the government on January 4, 2023, with an initial investment of Rs 197.44 billion. The mission's goals are to make India an energy-independent nation and to decarbonise key industries. By 2030, the mission will support the development of green hydrogen demand, its production, use, and export, as well as the mobilisation of more than Rs 8 lakh crore in capital. India may position this decarbonisation potential not just within the context of a low-carbon economy but also as a facilitator of energy security and economic development for the country. Also read: Acme partners with Norfound to invest in renewable energy projects NTPC invites bids for BoS for 1 GW Solar Projects

Related Stories

Gold Stories

Next Story
Resources

Schindler named among Forbes’ World’s Best Employers 2026

Schindler has been named among Forbes’ World’s Best Employers 2026, a global ranking recognising companies for their workplace environments.Compiled by Forbes in partnership with Statista, the ranking is based on independent employee feedback, including whether employees would recommend their organisation to friends and family.The company said the recognition reflected its focus on creating a workplace where employees can develop their expertise and build careers. ..

Next Story
Infrastructure Urban

India needs an export-execution mindset: Vishesh Jain

Interview with Vishesh Jain, Founder & CEO, EximpleWhat gaps in India’s global trade ecosystem led you to build Eximple, and what problem did you see businesses struggling with most?Eximple came out of a problem that all three founders had seen from different choke points in the trade ecosystem. India has millions of MSMEs and manufacturers, and many of them can make products that are genuinely competitive on quality. Yet only a small fraction is able to build meaningful international businesses. In our experience, the gap is usually not manufacturing capability; it is the ability to exe..

Next Story
Building Material

Nuvoco reports 13.5% revenue growth in Q2 FY27

Nuvoco Vistas Corp. Ltd. reported consolidated revenue of Rs 27.9 billion for Q2 FY27, up 13.5% year on year. Cement sales volume rose 9% to 4.7 million tonnes (MMT), while EBITDA increased 11% to Rs 4.11 billion.The company said it began its cement operations in 2014 with a 2.3 MMT per annum (MMTPA) operation at Nimbol. It now aims to reach 35 MMTPA of cement capacity by FY28, nearly 15 times its initial capacity. Its portfolio spans cement, ready-mix concrete and modern building materials.On sustainability and cost efficiency, Nuvoco partnered with CleanMax for a 46.4 MW wind-solar hybrid re..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code