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Green Hydrogen Prices Signal India’s Global Competitiveness: Joshi
ECONOMY & POLICY

Green Hydrogen Prices Signal India’s Global Competitiveness: Joshi

New Delhi: Competitive prices discovered for green ammonia and green hydrogen indicate that India’s emerging green hydrogen sector is moving towards global cost competitiveness, Union Minister for New and Renewable Energy Pralhad Joshi said. The lowest bid for green ammonia was Rs. 49.75 per kg, while green hydrogen was priced at Rs. 279 per kg.

Speaking at S&P Global Energy’s Horizons Clean Energy Expansion India 2026 conference, Joshi highlighted progress under the National Green Hydrogen Mission. The mission, which has an outlay of Rs. 197.44 bn, has awarded incentives for 862,000 t per annum of green hydrogen production and 3,000 MW per annum of domestic electrolyser manufacturing capacity.

The mission aims to establish India as a global hub for producing, using and exporting green hydrogen and its derivatives. Joshi said the programme was supported by the country’s expanding renewable energy base and efforts to develop domestic manufacturing. India’s non-fossil fuel-based power capacity has crossed 304 GW, while solar capacity has exceeded 160 GW. Total domestic manufacturing capacity has reached about 414 GW.

The government is also creating demand for green hydrogen in sectors that depend heavily on fossil fuels. Incentives have been awarded for 30 kTPA of green hydrogen production capacity at refineries, while pilot projects are being supported in steel and hydrogen-based mobility, alongside refuelling infrastructure and testing facilities. The first commercial projects are also beginning to take shape.

Joshi said trust, transparency and reliable information would be essential for scaling the market. India has launched the Green Hydrogen Certification Scheme under the India Green Hydrogen Certification Order to provide a framework for transparently certifying domestically produced green hydrogen. The government will continue working with industry to address bottlenecks and maintain a stable, predictable policy environment as the sector develops.

New Delhi: Competitive prices discovered for green ammonia and green hydrogen indicate that India’s emerging green hydrogen sector is moving towards global cost competitiveness, Union Minister for New and Renewable Energy Pralhad Joshi said. The lowest bid for green ammonia was Rs. 49.75 per kg, while green hydrogen was priced at Rs. 279 per kg. Speaking at S&P Global Energy’s Horizons Clean Energy Expansion India 2026 conference, Joshi highlighted progress under the National Green Hydrogen Mission. The mission, which has an outlay of Rs. 197.44 bn, has awarded incentives for 862,000 t per annum of green hydrogen production and 3,000 MW per annum of domestic electrolyser manufacturing capacity. The mission aims to establish India as a global hub for producing, using and exporting green hydrogen and its derivatives. Joshi said the programme was supported by the country’s expanding renewable energy base and efforts to develop domestic manufacturing. India’s non-fossil fuel-based power capacity has crossed 304 GW, while solar capacity has exceeded 160 GW. Total domestic manufacturing capacity has reached about 414 GW. The government is also creating demand for green hydrogen in sectors that depend heavily on fossil fuels. Incentives have been awarded for 30 kTPA of green hydrogen production capacity at refineries, while pilot projects are being supported in steel and hydrogen-based mobility, alongside refuelling infrastructure and testing facilities. The first commercial projects are also beginning to take shape. Joshi said trust, transparency and reliable information would be essential for scaling the market. India has launched the Green Hydrogen Certification Scheme under the India Green Hydrogen Certification Order to provide a framework for transparently certifying domestically produced green hydrogen. The government will continue working with industry to address bottlenecks and maintain a stable, predictable policy environment as the sector develops.

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