Challenges and Solutions for Green Hydrogen Development in India
Key Ideas
- Government intervention is crucial to address hurdles like land allocation, high investments, and delays in clearances to foster green hydrogen development.
- Manufacturing Zones and Renewable Energy Parks can be established to allocate land for green hydrogen projects, promoting innovation and local industry.
- Relaxing financial eligibility criteria, providing public sector grants, and refinery support are essential to ease the high investment burden in green hydrogen projects.
- Promoting indigenous technology and energy storage systems can boost the local economy, reduce imports, and ensure stable power supply for green hydrogen production.
The article discusses the challenges facing the development of green hydrogen in India despite significant tenders being floated. Issues like land allocation, high investment burdens, connectivity problems, and delays in government clearances have hindered the successful bidding of Build-Own-Operate (BOO) projects. The need for government intervention to create a conducive environment by allowing companies to form clusters, bid for incentive schemes, and receive quick clearances is emphasized. Land allocation challenges can be addressed by setting up Manufacturing Zones and allocating land in Renewable Energy Parks. Relaxing financial eligibility criteria, providing public sector grants, and refinery support are crucial to ease the high investment burden. The article also highlights the importance of promoting indigenous technology and energy storage systems to ensure a stable power supply and reduce import dependence. Specific tender bidding issues, such as stringent eligibility criteria and the focus on indigenous technology, are discussed, showcasing the hurdles faced by bidders. Initiatives like the Solar Energy Corporation of India's Request for Selection under the SIGHT program aim to boost electrolyzer manufacturing capacity in the country, offering incentives for technology development and local value addition.
Topics
Projects
Financing
Government Intervention
Indigenous Technology
Project Viability
Manufacturing Zones
Investment Hurdles
Connectivity Issues
Tender Bidding
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