India's Green Hydrogen Transition: 14 Companies Bid for Rs 5,400 Crore Incentives
Key Ideas
  • 14 companies, including Reliance and ReNew, submitted bids for India's green hydrogen transition scheme, totaling 450,000 tonnes of capacity.
  • The scheme offers a maximum of Rs 5,400 crore in incentives over three years and aims to boost domestic green hydrogen production and electrolyser manufacturing.
  • India's National Green Hydrogen Mission targets developing green hydrogen production capacity of at least 5 MMT per annum with associated renewable energy capacity additions.
  • The Strategic Interventions for Green Hydrogen Transition (SIGHT) Scheme includes financial incentives for domestic manufacturing of electrolysers and green hydrogen production.
Fourteen companies, including prominent names like Reliance Green Hydrogen and Green Chemicals, ReNew E-Fuels, and Avaada Green H2, have participated in India's green hydrogen transition scheme. The bids submitted by these companies amount to 450,000 tonnes of green hydrogen production capacity, competing for a maximum of Rs 5,400 crore in incentives spread over three years. The scheme, known as the Strategic Interventions for Green Hydrogen Transition (SIGHT) Scheme, is focused on enhancing domestic green hydrogen production and promoting electrolyser manufacturing within India. The bidding process, overseen by the Solar Energy Corporation of India (SECI), has attracted significant interest in boosting the country's green energy sector. Under the National Green Hydrogen Mission initiated by India in January 2023 with an initial outlay of Rs 19,744 crore, the goal is to develop a green hydrogen production capacity of 5 million metric tonnes per annum. This mission aligns with the target of adding about 125 GW of renewable energy capacity in the country. The SIGHT Scheme offers financial incentives for both domestic manufacturing of electrolysers and the production of green hydrogen. It also supports pilot projects in various emerging sectors and production pathways. Furthermore, the mission aims to identify and develop regions capable of supporting large-scale production and utilization of hydrogen as green hydrogen hubs. Overall, the substantial participation of companies in the bidding process indicates a positive response to India's green hydrogen initiatives, showcasing a strong commitment towards sustainable and renewable energy development in the country.
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