India's Green Hydrogen Transition: Guidelines Issued for SIGHT Program Tranche-II
Key Ideas
- MNRE has notified Scheme Guidelines for Tranche-II of the SIGHT Program, aiming for 450,000 TPA of Green Hydrogen production, with a focus on biomass and technology-agnostic pathways.
- SECI will oversee the implementation, with bidding based on the least average incentive quoted by the bidder, encouraging participation in both biomass-based and technology-agnostic pathways.
- The National Green Hydrogen Mission, with an outlay of Rs. 19,744 crores, aims to make India self-reliant in clean energy, drive decarbonization, reduce fossil fuel imports, and establish technology leadership.
- The Mission aligns with India's goal for Aatma Nirbhar Bharat and aims to set an example for global Clean Energy Transition, showcasing the country's commitment to green hydrogen.
The Ministry of New and Renewable Energy (MNRE) in India has released the Scheme Guidelines for the Strategic Interventions for Green Hydrogen Transition (SIGHT) Program, specifically focusing on Tranche-II. This phase of the program targets a production capacity of 450,000 metric tons per annum (TPA) of Green Hydrogen. Out of this capacity, 40,000 TPA is reserved for biomass-based pathways categorized as 'bucket II,' while the remaining capacity is allocated for technology-agnostic pathways under 'bucket-I'. The Solar Energy Corporation of India (SECI) will act as the implementing agency for Tranche-II, facilitating the auction process. Bidders will compete based on the least average incentive quoted, with a minimum bid capacity of 10,000 TPA and a maximum of 90,000 TPA in bucket-I. For bucket-II, the capacity ranges from a minimum bid of 500 TPA to a maximum of 4,000 TPA. Bidders have the flexibility to bid in either or both buckets, with a maximum cap of 90,000 TPA per bidder. The overall objective of the National Green Hydrogen Mission, which commenced on January 4, 2023, with substantial funding allocated until FY 2029-30, is to promote self-reliance in clean energy. The mission aims to drive decarbonization in the economy, decrease reliance on fossil fuel imports, and position India as a pioneer in Green Hydrogen technology and market leadership. This initiative aligns with India's vision for Aatma Nirbhar Bharat and serves as a model for global Clean Energy Transition, emphasizing the country's commitment to sustainable energy practices.
Topics
Green Hydrogen
Renewable Energy
Government Initiative
Energy Independence
Technology Leadership
Auction Process
Latest News