India is making significant strides in sustainable energy with the Solar Energy Corporation of India (SECI) awarding Letters of Award (LoA) to nine companies, including industry giants like Reliance and L&T, to establish green hydrogen production units under the National Green Hydrogen Mission (NGHM). This move marks a pivotal moment in the mission's second phase, Tranche II, Mode I, with an overall outlay of approximately $2.37 billion to scale up green hydrogen production, reduce costs, and stimulate technological innovation. The projects are expected to contribute 450,000 metric tons of green hydrogen annually, supported by a total incentive of $648 million, with decreasing incentives over three years. Alongside this, regulatory approvals for NTPC's renewable energy projects and long-term agreements for wind power procurement reflect growing confidence in renewable energy sources. Infrastructure development projects like PFC Consulting's initiative to enhance renewable energy evacuation capacity and corporate partnerships like DICV's power purchase agreement for renewable energy procurement highlight the sector's momentum. Additionally, financial support for renewable energy ventures, such as KPI Green Energy's credit facility for a hybrid power project, underscores the increasing backing from the financial sector in India's transition towards green energy.