India's Ambitious Rs 45,000 Crore Investment in Green Hydrogen Revolution
Key Ideas
- India is investing Rs 45,000 crore to develop a 15,000 MW electrolyser manufacturing capacity by 2026 under the National Green Hydrogen Mission.
- Around 15 companies have been selected to set up these plants, with production expected to start earlier than the target date.
- The focus is on both domestic consumption and exports, with contracts already awarded for large quantities of Green Hydrogen.
- India aims to reduce carbon emissions significantly by leveraging renewable energy sources, positioning itself as a frontrunner in the global Green Hydrogen landscape.
India is making a significant move in the global Green Hydrogen landscape with a planned investment of Rs 45,000 crore to develop a 15,000 MW electrolyser manufacturing capacity by 2026. This initiative is part of the National Green Hydrogen Mission’s SIGHT programme, aiming to position India at the forefront of Green Hydrogen production. The government has allocated Rs 12,500 crore in incentives to support this capacity expansion, with operations set to begin by mid-2025. Companies like Ohmium have already started production with a 2,000 MW plant. India's approach involves targeting both domestic consumption and exports, with contracts awarded for significant amounts of Green Hydrogen. The country is prioritizing key sectors like refineries and fertilizers for domestic use, focusing on localized production to tackle transport challenges. India plans to utilize its renewable energy market to address the cost disparity between grey and green hydrogen, aiming to reduce carbon emissions significantly. Pilot projects in electric mobility are underway, showcasing India's vision of leading the global transition to sustainable energy. The SIGHT programme is strategically positioning India to develop a robust Green Hydrogen ecosystem, with large investments and a focus on domestic and global markets. This initiative marks a significant step towards a brighter, greener future in India's energy landscape.
Topics
Africa
Renewable Energy
Carbon Emissions
Investment
Energy Transition
Manufacturing
Sustainable Development
National Initiative
Latest News