India Expands Green Hydrogen Initiatives with New Subsidy Tender
Key Ideas
- The Indian government has initiated a second tender offering subsidies for green hydrogen production, totaling 450,000 mt/year, as part of the National Green Hydrogen Mission.
- This move aims to accelerate the country's transition towards sustainable energy sources and achieve a production capacity of 5 million mt/year of green hydrogen by 2030, according to updated guidelines by the Ministry of New & Renewable Energy.
- Additionally, recent tenders have been launched for the pilot use of hydrogen and for the supply of green ammonia to fertilizer companies in India, signaling a comprehensive approach to promoting clean energy technologies.
- Professionals in the energy sector can access detailed information, market news, price assessments, and fundamental trade data through Quantum Commodity Intelligence's subscription service, catering to industries like oil, biofuels, carbon, and ammonia markets.
The Indian government has taken further steps to boost its green hydrogen initiatives by launching a second tender offering subsidies for green hydrogen production. This tender, with a total capacity of 450,000 metric tons per year, falls under the National Green Hydrogen Mission aimed at promoting the use of clean energy sources. It aligns with the government's ambitious goal of achieving a production capacity of 5 million metric tons per year of green hydrogen by 2030, as outlined in the updated guidelines by the Ministry of New & Renewable Energy. The recent tenders for the pilot use of hydrogen and the supply of green ammonia to fertilizer companies in India complement this strategy, highlighting a holistic approach to driving sustainable practices in the energy sector. Professionals in relevant industries can benefit from Quantum Commodity Intelligence's subscription service, which offers daily price assessments, market news, price commentary, and fundamental trade data, ensuring they stay informed about key developments in the oil, biofuels, carbon, and ammonia markets.