India's SIGHT Scheme Awards 9 Companies Green Hydrogen Projects Worth Rs 80,000 Crore
Key Ideas
- Nine Indian companies, including Reliance Green Hydrogen and L&T Energy, were granted green hydrogen projects under the SIGHT scheme with investments reaching Rs 80,000 crore.
- SECI issued letters of award to firms such as Oriana Power and Matrix Gas for establishing green hydrogen facilities with varying annual capacities.
- Companies like AM Green Ammonia and Green Infra Renewable Energy Farms were awarded the highest capacity of 90,000 tonne per year, with significant financial incentives from SECI.
- The government earmarked Rs 2,238.59 crore for this tranche, aiming to boost green hydrogen production in India with projected investments totaling around Rs 80,000 crore.
In India, the Strategic Interventions for Green Hydrogen Transition (SIGHT) scheme has recently awarded green hydrogen production projects to nine companies, marking a significant push towards renewable energy. Among the selected firms are well-known names like Reliance Green Hydrogen, L&T Energy, and Waaree Clean Energy. These companies, along with others such as Oriana Power and Matrix Gas, secured contracts to establish green hydrogen facilities with different annual capacities. Notably, SECI, through letters of award, allocated the highest capacity of 90,000 tonne per year to companies like AM Green Ammonia and Green Infra Renewable Energy Farms, with substantial incentives provided. The total investment in these projects is estimated to reach an impressive Rs 80,000 crore, indicating a substantial commitment towards green hydrogen production in India. The government's allocation of Rs 2,238.59 crore in financial incentives for this tranche highlights the strategic focus on promoting renewable energy initiatives and reducing carbon emissions.