The World Bank has approved a $1.5bn loan to support India's green hydrogen and renewable energy plans. This loan is part of the Second Low-Carbon Energy Programmatic Development Policy Operation and aims to drive reforms that will bolster green hydrogen production, electrolysers, and renewable energy penetration in India. The reforms are expected to result in the production of 450,000 tonnes of green hydrogen and 1.5GW of electrolyser per year starting from 2025/26. Additionally, the loan is anticipated to help in developing a national carbon credit market. The leaders of the program believe that this financial support will assist India in achieving its Nationally Determined Contributions (NDC) targets. India's National Green Hydrogen Mission, launched in 2023, is a key part of the country's ambition to become energy-independent by 2047 and reach Net Zero emissions by 2070. The mission focuses on transitioning from grey hydrogen to green hydrogen, with a target to produce five million tonnes of green hydrogen by 2030. The mission will be implemented in two phases, with the first phase concentrating on deploying green hydrogen in sectors already using grey hydrogen, and the second phase expanding to new sectors. To support the green hydrogen initiative, India has established the SIGHT program, offering incentives and subsidies for locally manufactured electrolysers and green hydrogen production, as well as for demonstration projects. The loan from the World Bank, funded by the IBRD and IDA, is seen as a crucial step towards boosting investments in green hydrogen and renewable energy infrastructure in India.