India's Green Hydrogen Revolution: SECI Announces Winners for Major Projects
Key Ideas
- Solar Energy Corporation of India (SECI) has awarded annual production capacity of 450,000 MT in green hydrogen energy projects.
- Nine companies, including Reliance Green Hydrogen, L&T Energy Green Tech, and Waaree Clean Energy Solutions, were selected as the lowest bidders under Tranche II of Mode I.
- The maximum allocated incentive for these projects amounts to Rs. 2,238.59 crore, showcasing significant investment in India's green hydrogen sector.
- The companies selected are set to contribute to India's National Green Hydrogen Mission, highlighting a major step towards sustainable energy production.
Solar Energy Corporation of India (SECI) has announced the winners for its ambitious hydrogen energy projects, marking a significant step in India's green hydrogen revolution. SECI issued letters of award (LoA) to nine companies for setting up green hydrogen production facilities and availing incentives under the National Green Hydrogen Mission. The awarded annual production capacity is 450,000 MT, reflecting a substantial commitment to green hydrogen. Notable winners include Reliance Green Hydrogen and Green Chemicals, L&T Energy Green Tech, and Waaree Clean Energy Solutions. These companies emerged as the lowest bidders under Tranche II of Mode I, showcasing competitive pricing in the sector. The maximum allocated incentive for these projects totals Rs. 2,238.59 crore, emphasizing the financial support provided to boost green hydrogen initiatives. The selection of these companies aligns with India's efforts towards sustainability and clean energy, as they are expected to play a key role in advancing the National Green Hydrogen Mission. This announcement signifies a positive outlook for the growth and development of the green hydrogen sector in India.