Uttar Pradesh Attracts INR 1.15 Lakh Crore Investment for Green Hydrogen Production
Key Ideas
- Uttar Pradesh aims to achieve a green hydrogen/green ammonia production capacity of 1 mmtpa by 2029, with investment proposals totaling INR 1.15 lakh crore.
- Key players like Trafalgar Square Capital and Welspun Group have committed to setting up green hydrogen facilities in the state, generating around 20,000 job opportunities.
- The state government is incentivizing green hydrogen production through the 'Uttar Pradesh Green Hydrogen Policy 2024' to reduce industrial emissions and boost demand aggregation.
- The joint venture between NTPC Green Energy Ltd and Rajasthan Rajya Vidyut Utpadan Nigam Ltd aims to develop 25 GW of renewable energy projects and 1 mmtpa of green hydrogen in Rajasthan.
The state government of Uttar Pradesh in India is making significant strides in green hydrogen production, aiming to achieve a capacity of 1 million metric tonnes per annum by 2029. With investment proposals amounting to INR 1.15 lakh crore from 17 entities, the state is set to attract major players like Trafalgar Square Capital and Welspun Group, leading to the creation of around 20,000 job opportunities. The 'Uttar Pradesh Green Hydrogen Policy 2024' offers administrative and financial incentives to promote green hydrogen production and facilitate market creation. Additionally, a joint venture between NTPC Green Energy Ltd and Rajasthan Rajya Vidyut Utpadan Nigam Ltd plans to develop renewable energy projects and green hydrogen infrastructure in Rajasthan. These initiatives highlight the state's commitment to reducing industrial emissions and fostering a sustainable energy ecosystem.