India's Green Hydrogen Mission: Boosting Production and Renewable Energy Capacity
Key Ideas
- India is providing viability gap funding for electrolyzer manufacturing to enhance green hydrogen production, with a focus on 5 MMT per annum and 125 GW renewable energy capacity addition.
- The National Green Hydrogen Mission targets significant investments, job creation, reduction in fossil fuel imports, and greenhouse gas emissions abatement through the production and export of green hydrogen.
- Financial incentives under the Strategic Interventions for Green Hydrogen Transition Programme aim to boost domestic manufacturing of electrolyzers and green hydrogen production while supporting pilot projects and Green Hydrogen Hubs.
- India is working towards achieving 500 GW of installed electricity capacity from non-fossil sources by 2030, with 211.40 GW already installed as of October 31, 2024.
India is actively pursuing the development of green hydrogen as part of the National Green Hydrogen Mission, aiming to significantly boost production capacity and renewable energy integration. The government is providing support for electrolyzer manufacturing to achieve a capacity of 5 MMT per annum and add 125 GW of renewable energy. Plans include attracting substantial investments, creating job opportunities, reducing fossil fuel imports, and cutting down greenhouse gas emissions. Financial incentives are in place to stimulate domestic electrolyzer manufacturing and green hydrogen production, along with backing for pilot projects and the establishment of Green Hydrogen Hubs. Additionally, India is committed to reaching 500 GW of non-fossil power capacity by 2030, with over 200 GW already installed. This initiative aligns with the country's efforts to transition towards cleaner energy sources and reduce environmental impact.
Topics
India
Renewable Energy
Investment
Energy Transition
Job Creation
Greenhouse Gas Emissions
Government Initiative
Manufacturing Capacity
COP26
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