India's Green Hydrogen Revolution: 14 Firms Bid for Rs 5,400 Crore Scheme
Key Ideas
- 14 firms, including Reliance Green Hydrogen and Green Chemicals, submit bids under the Rs 5,400 crore green hydrogen transition scheme in India.
- The scheme offers incentives with a maximum benefit of Rs 50 per kg in the first year, Rs 40 per kg in the second year, and Rs 30 per kg in the third year.
- India's National Green Hydrogen Mission aims for a green hydrogen production capacity of 5 MMT per annum and 125 GW renewable energy addition, supported by the SIGHT scheme.
- The mission includes financial incentives for domestic manufacturing of electrolysers, support for pilot projects, and the development of green hydrogen hubs in suitable regions.
In New Delhi, 14 firms, including Reliance Green Hydrogen and Green Chemicals, ReNew E-Fuels, and Waaree Clean Energy Solution, have submitted bids under India's Strategic Interventions for Green Hydrogen Transition (SIGHT) Scheme. The scheme, with a maximum benefit of Rs 5,400 crore, aims to promote green hydrogen production. The bidding process under the scheme has seen strong participation, with bids exceeding the available capacities. The scheme offers financial incentives over three years to encourage green hydrogen production. India's National Green Hydrogen Mission, launched with an initial outlay of Rs 19,744 crore, sets ambitious goals for green hydrogen production capacity and renewable energy addition. The mission targets the development of 5 MMT per annum green hydrogen capacity and 125 GW of renewable energy capacity. The SIGHT scheme supports domestic manufacturing of electrolysers, green hydrogen production, pilot projects, and the identification of green hydrogen hubs. This initiative signals a positive step towards sustainability, renewable energy adoption, and economic growth in India.
Topics
India
Production
Renewable Energy
Sustainability
Manufacturing
Economic Growth
Incentives
Renewable Capacity
Pilot Projects
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