Global Interest in Acquiring Stake in India's Leading Green Hydrogen Manufacturer
Key Ideas
  • Several international companies are interested in acquiring a 49% stake in Hygenco Green Energies Pvt. Ltd, a leading green hydrogen manufacturer in Gurugram, India, for an estimated equity value of $400 million.
  • The interest in Hygenco highlights the growing global interest in green hydrogen production, with companies like Masdar, AIIB, and Macquarie Group being potential buyers aiming for significant stakes.
  • India's focus on green energy sources, such as green hydrogen, has attracted significant attention, with industry reports projecting a substantial investment opportunity of $125 billion across the green hydrogen value chain by 2030.
  • The country's national green hydrogen mission, backed by major state-run and private sector firms, aims to produce 5 million tonnes per annum of green hydrogen by 2030, signaling a strong commitment to sustainable energy initiatives.
Several international companies have expressed interest in acquiring a stake in Hygenco Green Energies Pvt. Ltd, a prominent green hydrogen manufacturer based in Gurugram, India. The estimated equity value for the 49% stake sale is around $400 million, with potential buyers like Masdar, AIIB, and Macquarie Group considering even higher stakes. The interest in Hygenco reflects the increasing global focus on green hydrogen production and sustainable energy solutions. India's emphasis on green energy sources, particularly green hydrogen, has garnered significant attention from industry players. The country aims to tap into the green energy market, with projections indicating a lucrative $125 billion investment opportunity in the green hydrogen value chain by 2030. The national green hydrogen mission, launched with substantial funding, targets the production of 5 million tonnes per annum of green hydrogen by 2030. Various state-run and private sector companies in India, including Indian Oil Corp. Ltd, GAIL Ltd, and major players like ACME, ReNew Energy, Larsen & Toubro Ltd, Reliance Industries Ltd, and the Adani Group, have announced plans for green hydrogen production. This collective effort underscores the country's commitment to sustainable energy initiatives and its transition towards greener fuel options. Moreover, industry reports by Deloitte India and Avendus Capital have highlighted the potential growth and importance of green hydrogen in the energy landscape. The reports anticipate a decline in electric vehicle adoption post-2045 as greener fuel alternatives like green hydrogen become more prevalent and advanced technology enhances fuel efficiency.
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