India's Green Hydrogen Transition: Incentive Scheme for Production Expansion
Key Ideas
- The Ministry of New and Renewable Energy in India has announced the Scheme Guidelines for the 'Strategic Interventions for Green Hydrogen Transition (SIGHT) Programme – Component II'.
- The program aims to expand green hydrogen production capacity, with a focus on both biomass-based and technology agnostic pathways.
- Solar Energy Corporation of India (SECI) will be the implementing agency for the program, issuing Request for Selection (RfS) shortly.
- The National Green Hydrogen Mission, launched in January 2023, with a substantial budget, is set to contribute to India's self-reliance in clean energy and global Clean Energy Transition goals.
The Ministry of New and Renewable Energy in India has introduced the Scheme Guidelines for the 'Strategic Interventions for Green Hydrogen Transition (SIGHT) Programme – Component II' aiming to enhance green hydrogen production. Tranche-II of the program will have a capacity of 450,000 TPA, with a portion reserved for biomass-based pathways and the rest for technology agnostic pathways. Solar Energy Corporation of India (SECI) will oversee the implementation, with the bidding process focusing on the least average incentive quoted. The National Green Hydrogen Mission, initiated in January 2023 with a significant budget allocation, is envisioned to drive India towards self-reliance in clean energy and play a pivotal role in global Clean Energy Transition. The mission is expected to promote decarbonisation, reduce reliance on fossil fuel imports, and position India as a leader in green hydrogen technology and markets.
Topics
Green Hydrogen
Renewable Energy
Clean Energy
Sustainability
Decarbonisation
Bidding Process
Market Leadership
Technology-agnostic
Incentive Scheme
Latest News