India Invests in Green Shipping and Hydrogen Infrastructure for Maritime Decarbonization
Key Ideas
- India commits $25 million to develop hydrogen hubs at key ports, enabling bunkering facilities for green hydrogen-powered vessels.
- Investing $14 million in National Green Hydrogen Mission pilot projects to convert existing vessels to run on green hydrogen or derivatives.
- Plans to modernize shipyards and reopen older dockyards to establish India as a top five shipbuilding nation by 2047.
- Renewable energy capacity in India has seen significant growth, reaching over 208 GW with a focus on clean energy leadership.
India has announced a significant investment of $25 million to establish hydrogen hubs at Deendayal, Paradip, and V.O. Chidambaranar ports to support green shipping initiatives. These hubs will provide bunkering and refuelling facilities for hydrogen-powered vessels, marking a crucial step in decarbonizing the maritime sector. Additionally, the country is allocating $14 million towards pilot projects under the National Green Hydrogen Mission to convert ships to use green hydrogen or derivatives. The ambitious NGHM, with a $2.4 billion budget, aims to achieve 5 million metric tonnes of green hydrogen production annually by 2030, with investments exceeding $100 billion and creating over 6 lakh jobs. India is also focusing on becoming a hub for green shipbuilding by modernizing shipyards and reopening older dockyards, with a vision to be among the top five shipbuilding nations globally by 2047. Furthermore, the country has seen substantial growth in renewable energy, with a 175% increase in capacity since 2014, totaling over 208 GW. Solar capacity has surged by 33 times in the last decade, solidifying India's position as a key player in the clean energy sector. Minister Pralhad Joshi emphasized India's commitment to innovative technologies and infrastructure investments, positioning the country as a leading force in the global energy transition.