India's Green Energy Surge and Hydrogen Mission Boost
Key Ideas
  • India surpasses 100 GW of installed solar power capacity, with additional projects under implementation and tendering.
  • The Union Budget increases allocation for the National Green Hydrogen Mission by 100%, aiming to position India as a global hub for green hydrogen production and export.
  • Despite challenges like costly domestic solar modules, the country aims to meet the increasing hydrogen demand and reduce costs by 50% by 2030.
  • A solar modules maker in India holds plans to set up a solar factory in the US due to policy uncertainties under former President Trump.
India's renewable energy sector is experiencing a significant surge, with the country's solar power capacity exceeding 100 GW and additional projects in the pipeline. The Union Budget for 2025-26 has doubled the allocation for the National Green Hydrogen Mission to ₹600 crore, with a focus on establishing India as a global leader in green hydrogen production. Despite challenges like costly domestic solar modules affecting government schemes for homeowners and farmers, India is committed to meeting the rising hydrogen demand and reducing costs. Additionally, Adani Green's withdrawal from wind projects in Sri Lanka and Premier Energies' decision to delay a solar factory plan in the US due to policy uncertainties under President Trump highlight the impact of international developments on the green energy sector.
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