India's Green Shipping Revolution: Hydrogen Hubs and Renewable Energy Growth
Key Ideas
- India commits $25 million to develop hydrogen hubs at key ports for green shipping, including bunkering and refuelling facilities.
- Investing $14 million in pilot projects to convert existing vessels to run on green hydrogen, with plans to convert two vessels to green methanol.
- National Green Hydrogen Mission targets 5 million metric tonnes of green hydrogen production annually by 2030, with $2.4 billion outlay and over $100 billion in investments.
- India's renewable energy capacity has surged by 175% since 2014, with solar capacity growing 33 times in the past decade, positioning India as a global clean energy leader.
India is making significant strides in its green shipping initiative by committing $25 million to develop hydrogen hubs at key ports. These hubs at Deendayal, Paradip, and V.O. Chidambaranar ports will offer facilities for green hydrogen-powered vessels, contributing to decarbonizing India's maritime sector. The country is also investing $14 million in pilot projects under the National Green Hydrogen Mission, aiming to convert existing vessels to run on green hydrogen or derivatives. The Shipping Corporation of India is already working on converting two vessels to operate on green methanol. The NGHM has ambitious targets of producing 5 million metric tonnes of green hydrogen annually by 2030, with substantial investments and job creation opportunities. Additionally, India has experienced remarkable growth in renewable energy, with a 175% increase in capacity since 2014 and a 33-fold rise in solar capacity over the past decade. These developments have positioned India as a global leader in clean energy, showcasing its commitment to innovative technologies and infrastructure investments in driving the energy transition.
Topics
Africa
Renewable Energy
Clean Energy
Sustainability
Energy Transition
Maritime Sector
Job Creation
Infrastructure Investments
Green Shipbuilding
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