Uttar Pradesh Attracts Rs 1.15 Lakh Crore Green Hydrogen Investment
Key Ideas
  • Uttar Pradesh has secured investment proposals of Rs 1.15 lakh crore for green hydrogen and ammonia production, aiming to create 20,000 jobs.
  • Key players like Trafalgar Square Capital and Welspun Group are investing significantly in green hydrogen projects in the state to boost clean energy transition.
  • The state's 'Uttar Pradesh Green Hydrogen Policy 2024' offers incentives to stimulate production and attract further investments in green hydrogen.
  • The focus on green hydrogen aligns with India's National Green Hydrogen Mission and aims to reduce production costs to provide a sustainable alternative to fossil fuels.
Uttar Pradesh has emerged as a hotspot for green hydrogen investments, with 17 companies proposing a total investment of Rs 1.15 lakh crore. These investments are targeted at producing green hydrogen and green ammonia, with the potential to create 20,000 jobs in the state. The initiatives are in alignment with Uttar Pradesh's goal of generating 1 million metric tonnes of green hydrogen and green ammonia annually by 2029, as part of its broader strategy to lead in clean energy and industrial decarbonisation. Key players such as Trafalgar Square Capital, Welspun Group, and Hygenco Green Energies Pvt Ltd are spearheading these efforts by investing in green hydrogen production facilities. These initiatives are expected to significantly contribute to the state's clean energy transition and economic growth. The state government's 'Uttar Pradesh Green Hydrogen Policy 2024' offers various incentives to drive production, create market demand, and attract more investments. By focusing on sectors like chemicals, fertilizers, and refineries, Uttar Pradesh aims to reduce the cost of green hydrogen production and promote innovation in production and consumption technologies. This move is crucial in the context of India's National Green Hydrogen Mission, aiming to achieve net-zero emissions by 2070. Uttar Pradesh's abundant renewable energy resources, coupled with its ambitious economic growth targets, position the state as a key player in India's green hydrogen revolution. The government has taken strategic steps to support green hydrogen investments, including regulatory reforms, a single-window clearance system, and infrastructure development. These efforts are expected to accelerate Uttar Pradesh's journey towards becoming a leader in sustainable energy and contribute to India's transition to a greener future.
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