Uttar Pradesh Emerges as Green Hydrogen Investment Hub
Key Ideas
  • Uttar Pradesh attracts Rs 1.15 trillion in private investment for green hydrogen projects, signaling a boost in clean energy initiatives and job creation.
  • Key players like Trafalgar Square Capital, Welspun Group, and Hygenco Green Energies commit to establishing green hydrogen production facilities in the state.
  • The Yogi Adityanath government aims for 1 million tonnes per year of green hydrogen production by 2029, emphasizing the importance of sustainable energy sources.
  • UP implements a Green Hydrogen Policy 2024 with incentives to promote production, reduce costs, and streamline expansion through research, innovation, and administrative support.
Uttar Pradesh has become a focal point for green hydrogen investments, with private proposals totaling nearly Rs 1.15 trillion. The state's clean energy roadmap receives a significant boost as 17 companies plan green hydrogen projects that are poised to create job opportunities for 20,000 individuals. Noteworthy commitments include Trafalgar Square Capital's initiative to establish a 10,000-tonnes-per-annum green hydrogen production facility near Lucknow, Welspun Group's Rs 40,000 crore investment in a green hydrogen or ammonia plant in Bulandshahr, and Hygenco Green Energies' proposal for a 0.2 million-tonne green hydrogen facility in Prayagraj with an investment of Rs 16,000 crore. Uttar Pradesh, under the leadership of the Yogi Adityanath government, has set ambitious targets for green hydrogen and green ammonia production, aiming for 1 million tonnes per year by 2029. The state's focus on sustainable energy solutions aligns with global efforts to combat climate change. The UP Green Hydrogen Policy 2024 introduces incentives to promote green hydrogen or ammonia production and facilitate market creation, emphasizing initial applications in nitrogenous fertilisers and refinery industries. The state is dedicated to cost reduction through research and innovation, supported by a streamlined clearance system for new projects and the development of a resource database. India's abundant renewable energy sources position it favorably for large-scale green hydrogen production, leveraging its renewable capacity for cost-effective electricity generation. The International Energy Agency recognizes India's potential to emerge as a significant global green hydrogen producer due to its renewable energy capabilities.
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