India's Green Hydrogen Revolution: Massive Investments and Private Sector Growth
Key Ideas
  • Nine companies, including Reliance Green Hydrogen and Green Chemicals, secured tenders for green hydrogen projects under India's SIGHT Scheme, driving a potential investment of ₹80,000 crore.
  • The ministry of new and renewable energy invited bids for 4,50,000 tons per annum of green hydrogen capacity, with a budget of ₹2,238.59 crore allocated in the second tranche.
  • India's private sector is rapidly progressing in renewable energy, with incentives capped by the government at different stages to promote green hydrogen production.
  • The National Green Hydrogen Mission aims to achieve a green hydrogen production capacity of five million tons per annum and add 125 GW of renewable energy capacity by FY30.
The Solar Energy Corporation of India (SECI) has awarded tenders to nine companies, including Reliance Green Hydrogen and Green Chemicals, under the Strategic Interventions for Green Hydrogen Transition (SIGHT) Scheme. These companies will work towards the production of green hydrogen, with significant investments expected in the sector. The ministry of new and renewable energy has invited bids for a substantial green hydrogen capacity, with a total incentive of ₹2,238.59 crore allocated in this tranche. India's private sector is playing a crucial role in the country's renewable energy landscape, particularly in green hydrogen production. The government has set financial incentives to encourage the growth of green hydrogen projects. Additionally, the National Green Hydrogen Mission, launched in 2023 with a budget of ₹19,744 crore until 2029-30, aims to promote domestic green hydrogen production and increase renewable energy capacity significantly. The awarded projects, with companies like L&T Energy and Waaree Clean Energy Solutions leading in production capacities, are expected to drive massive investments in green hydrogen. The sector is rapidly evolving, with a focus on sustainability and reducing carbon emissions. Overall, India's push towards green hydrogen reflects a positive trend towards cleaner and more sustainable energy production.
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