India Invests Rs.45,000 Crore in Green Hydrogen

04 Sep 2024 CW Team

The SIGHT (Strategic Interventions for Green Hydrogen Transition) programme is driving this initiative. Approximately 15 companies have been selected through a transparent tendering process to develop the planned capacity. These companies are now securing land, forming technology partnerships, and establishing infrastructure. The government aims to have these plants operational by mid-2026, with some expected to start as early as mid-2025. Ohmium, a leading player, has already commenced operations with a 2,000 MW plant.

The Green Hydrogen production strategy includes both domestic and export-focused efforts. Contracts have been awarded for about 412,000 tonnes of Green Hydrogen, with an additional tender for 450,000 tonnes in the pipeline. Additionally, 200,000 tonnes have been allocated to refineries, and a significant global tender for 700,000 tonnes of Green Ammonia has been launched.

India's robust renewable energy sector is anticipated to make Green Hydrogen one of the cheapest in the world, similar to the decline seen in solar power costs. State governments are expected to provide further incentives, and advancements in carbon markets could significantly reduce emissions associated with hydrogen production.

While Green Hydrogen's use in mobility is currently limited, India is conducting pilot projects to explore its potential. The proactive approach under the SIGHT programme positions India as a leader in the Green Hydrogen revolution, with a focus on both domestic and international markets.

India's ambitious plan to develop a 15,000 MW electrolyser capacity for Green Hydrogen production is set to require an investment of Rs.30,000-45,000 crore. This substantial financial commitment highlights the scale of the National Green Hydrogen Mission, with the government allocating Rs.12,500 crore in incentives to support capacity expansion over the next five years. The SIGHT (Strategic Interventions for Green Hydrogen Transition) programme is driving this initiative. Approximately 15 companies have been selected through a transparent tendering process to develop the planned capacity. These companies are now securing land, forming technology partnerships, and establishing infrastructure. The government aims to have these plants operational by mid-2026, with some expected to start as early as mid-2025. Ohmium, a leading player, has already commenced operations with a 2,000 MW plant. The Green Hydrogen production strategy includes both domestic and export-focused efforts. Contracts have been awarded for about 412,000 tonnes of Green Hydrogen, with an additional tender for 450,000 tonnes in the pipeline. Additionally, 200,000 tonnes have been allocated to refineries, and a significant global tender for 700,000 tonnes of Green Ammonia has been launched. India's robust renewable energy sector is anticipated to make Green Hydrogen one of the cheapest in the world, similar to the decline seen in solar power costs. State governments are expected to provide further incentives, and advancements in carbon markets could significantly reduce emissions associated with hydrogen production. While Green Hydrogen's use in mobility is currently limited, India is conducting pilot projects to explore its potential. The proactive approach under the SIGHT programme positions India as a leader in the Green Hydrogen revolution, with a focus on both domestic and international markets.

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