India's Green Hydrogen Transition: Multi-firm Bidding Under SIGHT Scheme
Key Ideas
- 14 firms, including industry players like Reliance Green Hydrogen and Green Chemicals, ReNew E-Fuels, and Avaada Green H2, have submitted bids under the SIGHT Scheme for green hydrogen production incentives.
- The scheme offers up to Rs 5,400 crore in benefits, with incentives ranging from Rs 50 per kg to Rs 30 per kg over three years, aiming to boost green hydrogen capacity.
- India's National Green Hydrogen Mission, launched with an initial outlay of Rs 19,744 crore, targets a significant increase in green hydrogen production capacity and renewable energy addition.
- The mission under SIGHT supports domestic manufacturing of electrolysers, green hydrogen production, pilot projects in various sectors, and the development of green hydrogen hubs in suitable regions.
A total of 14 firms, including prominent players like Reliance Green Hydrogen and Green Chemicals, ReNew E-Fuels, and Avaada Green H2, have participated in the bidding process under India's Strategic Interventions for Green Hydrogen Transition (SIGHT) Scheme. The scheme, with a maximum benefit of Rs 5,400 crore, aims to incentivize green hydrogen production. The technical bids for incentives for producing approximately 4,50,000 tonnes of green hydrogen were recently opened. The initiative offers escalating benefits over three years, starting at Rs 50 per kg in the first year and reducing to Rs 30 per kg in the third year. Industry participants have shown significant interest, with bids exceeding the available capacity under different buckets.
The National Green Hydrogen Mission in India, launched with a substantial outlay of Rs 19,744 crore, targets a robust increase in green hydrogen production capacity to 5 million metric tonnes per year. The mission under SIGHT not only focuses on green hydrogen production but also supports the development of domestic manufacturing of electrolysers, pilot projects in various sectors, and the identification of regions suitable for large-scale hydrogen production. The overall sentiment of the article is positive, highlighting the enthusiasm of industry players and the potential economic and environmental benefits of green hydrogen initiatives in India.
Topics
India
Renewable Energy
Investment
Green Technology
Manufacturing
Government Initiative
Economic Incentives
Renewable Capacity
Bid Submissions
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