India's Green Hydrogen Ambitions: A Billion-Dollar Investment for a Sustainable Future
Key Ideas
- Government aims to develop 15,000 MW electrolyser manufacturing capacity for green hydrogen with an investment of ₹30,000 to ₹45,000 crore.
- ₹12,500 crore allocated in incentives to support capacity expansion over the next five years under the national green hydrogen mission.
- Fifteen companies selected through a competitive tendering process for building the 15,000 MW capacity, showing notable progress in the sector.
- Companies in India showing increased interest in the green hydrogen sector, with plans to establish larger facilities driven by its potential.
The Indian government has set an ambitious target to establish a significant 15,000 MW electrolyser manufacturing capacity for the production of green hydrogen. This endeavor is expected to necessitate an investment ranging from ₹30,000 to ₹45,000 crore, showcasing the substantial financial commitment towards the national green hydrogen mission. To support this capacity expansion, the government has earmarked ₹12,500 crore in incentives over the next five years. The SIGHT (Strategic Interventions for Green Hydrogen Transition) programme, a key initiative in India's green hydrogen efforts, has made progress by selecting about fifteen companies to partake in building the 15,000 MW capacity through a competitive tendering process. The success of this selection process indicates a positive trend of growth in India's green hydrogen sector, prompting companies to consider developing larger facilities than initially planned due to the sector's promising potential.