India's Industry Concerns and Opportunities in Green Hydrogen Production
Key Ideas
- Power Secretary Pankaj Agarwal highlighted Indian industry concerns regarding geographic and temporal correlation in the European Union's Renewable Energy Directive.
- Hydrogen Europe CEO emphasized the importance of 'green' criteria for hydrogen production in Europe, focusing on the need for electricity and electrolyzer synchronization.
- Issues with single bidding zones in Europe were discussed, with suggestions to consider India as a single bidding zone to lower production costs and facilitate green hydrogen exports to Europe.
- Indian officials see the green hydrogen demand in Europe as a significant export opportunity, given India's well-connected electricity grid and potential to supply renewable energy at competitive prices.
Power Secretary Pankaj Agarwal of India raised concerns about the European Union's Renewable Energy Directive (RED II) during the International Conference on Green Hydrogen. The Indian industry expressed worries about geographical and temporal correlations, particularly focusing on the single bidding zones within the EU. Additionally, industry representatives highlighted the challenge of synchronization between electricity production and hydrogen production for defining hydrogen as 'green' in Europe. The discussion also touched upon the complexities of European bidding zones and the impact on hydrogen production, including hindrances faced by India. The potential solution proposed was to consider India as a single bidding zone, allowing for cost-effective green hydrogen production and export to Europe. This move could significantly benefit both regions by leveraging India's interconnected electricity grid and competitive renewable energy prices. The dialogue emphasized the export opportunity for India to meet Europe's growing green hydrogen demand, showcasing a positive outlook on collaboration and future prospects in the green hydrogen sector.