India's Green Hydrogen Sector Sees Growth with Major Tenders and Investments
Key Ideas
- India's green hydrogen sector experiences growth with three major tenders issued by key authorities in the fourth quarter of 2024.
- Waaree Energies approves INR 200 crore investment to establish a 300 megawatt electrolyser manufacturing plant under the Production Linked Incentive scheme.
- The Ministry of New and Renewable Energy introduces central-level policies for pilot projects and Centres of Excellence under the National Green Hydrogen Mission.
- Solar Energy Corporation of India receives bids from 14 players for green hydrogen projects with a cumulative capacity of 626,500 MT per annum.
India's green hydrogen sector is showing promising signs of growth as the country recorded significant activities in the last quarter. Three major green hydrogen tenders were issued by notable authorities like MECON Limited, Hindustan Petroleum Corporation Limited, and Powergrid Corporation of India. Moreover, Waaree Energies has decided to invest INR 200 crores in setting up a 300 MW electrolyser manufacturing plant under the Production Linked Incentive scheme. The Ministry of New and Renewable Energy has also taken steps by issuing central-level policies for the development of pilot projects and Centres of Excellence under the National Green Hydrogen Mission. These initiatives aim to boost the production and use of green hydrogen in diverse applications. Additionally, Solar Energy Corporation of India received bids from 14 players for green hydrogen projects, indicating growing interest and investment in the sector.