India's Green Hydrogen Auction Results and Renewable Energy Developments
Key Ideas
  • Solar Energy Corporation of India awarded 450,000 MT of green hydrogen production capacity under a green hydrogen transition program.
  • Central Electricity Regulatory Commission endorsed tariffs for NTPC to procure 1,500 MW of power from wind-solar projects.
  • Multiple approvals were granted for tariffs and power purchase agreements to boost renewable energy procurement in India.
  • Various tender invitations were announced for solar and wind projects, including bids for wind power projects and augmentation of evacuation capacity.
The Solar Energy Corporation of India (SECI) recently announced the results of its auction to choose green hydrogen producers for setting up production facilities in India under the Strategic Interventions for Green Hydrogen Transition Program. This initiative allocated a total annual production capacity of 450,000 MT with a significant financial incentive. The Central Electricity Regulatory Commission (CERC) approved tariffs for NTPC to secure power from wind-solar hybrid projects. Additionally, Maharashtra Electricity Regulatory Commission greenlit a tariff for Adani Electricity Mumbai to procure wind power, highlighting the momentum towards renewable energy adoption. Amidst these developments, tender invitations were issued for solar and wind projects, further driving the renewable energy sector forward. Notably, corporate agreements between companies like Daimler India Commercial Vehicles and Zelestra India are propelling the shift towards sustainable practices. These advancements are complemented by the approval of tariffs and agreements to facilitate the procurement of solar and wind power, emphasizing the positive trajectory of India's renewable energy landscape.
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