India's Second Electrolyser Tender Winners Revealed
Key Ideas
  • India selects 13 companies out of 23 for subsidies to support 1.5 GW/yr of electrolyser manufacturing capacity, with results subject to change.
  • New categories for smaller indigenously developed units introduced in the second round of tenders, leading to oversubscription in all categories.
  • Companies like Adani, Waaree Energies, and Newtrace among the winners, with varying levels of subsidies allotted based on production capacity.
  • Positive sentiment as companies across different categories receive support, indicating growth and interest in India's renewable energy sector.
India has finalized the winners of its second round of subsidy tenders to aid 1.5 GW/yr of electrolyser manufacturing capacity. Out of the 23 bidding companies, 13 were chosen to receive support, although these results are preliminary. The final list is expected to be published on the SECI website soon. This round maintained a similar structure to the first, offering decreasing incentives annually. A new category for smaller indigenously developed units was introduced, attracting significant interest despite support being limited to 100 MW/yr. Noteworthy winners include Adani, Waaree Energies, and Newtrace. The sentiment is positive as various companies secured subsidies across different categories, showcasing growth and interest in India's renewable energy sector. The article also mentions delays in India's hydrogen production plant tender deadline, with potential extensions, and challenges faced by SECI in the renewable ammonia supply tender. Overall, the article highlights India's progress and challenges in promoting renewable energy through subsidy programs and tenders.
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