India Unveils Guidelines for Second Round of Green Hydrogen Incentives
Key Ideas
- The Ministry of New and Renewable Energy in India has introduced guidelines for the second round of incentives for green hydrogen production under the SIGHT Programme.
- Solar Energy Corp. of India (SECI) will oversee the implementation of this initiative, with 450,000 metric tonnes per annum of green hydrogen capacity available for bidding.
- The National Green Hydrogen Mission, launched in 2023, aims to reduce fossil fuel dependence, promote decarbonisation, and position India as a leader in Green Hydrogen technology and market.
- Bidders can participate in technology-agnostic and biomass-based pathways, with specific capacity limits and bid requirements set for each category.
The Ministry of New and Renewable Energy (MNRE) in India has announced the release of guidelines for the second phase of incentives for green hydrogen production as part of the Strategic Interventions for Green Hydrogen Transition (SIGHT) Programme. This initiative offers a total green hydrogen capacity of 450,000 metric tonnes per annum for bidding, with a substantial portion allocated to technology-agnostic pathways and a smaller portion for biomass-based pathways.
Solar Energy Corp. of India (SECI) will be responsible for overseeing the implementation of this round of incentives, with the Request for Selection (RfS) set to be issued shortly. Bidders will compete based on the least average incentive quoted over a three-year period, with specified minimum and maximum bid capacities for both technology-agnostic and biomass-based pathways.
The National Green Hydrogen Mission, which commenced in January 2023 with a significant financial allocation, aims to drive decarbonisation efforts, decrease reliance on fossil fuel imports, and position India at the forefront of Green Hydrogen technology and market advancements. The mission underscores India's commitment to sustainability and transitioning towards cleaner energy sources in line with global environmental goals.