Uttar Pradesh Emerges as a Green Hydrogen Investment Hub
Key Ideas
- Uttar Pradesh secures 1.15 INR-Trillion in private investments for green hydrogen projects, offering job opportunities for 20,000 individuals.
- Key players like Trafalgar Square Capital and Welspun Group plan significant investments in green hydrogen facilities in the region.
- The state government aims to achieve an annual production of 1 Million Tonnes of green hydrogen by 2029, positioning UP as a leading player in India's clean energy shift.
- These initiatives not only drive economic growth but also contribute to environmental sustainability through the promotion of clean energy solutions.
Uttar Pradesh has become a focal point for green hydrogen investments, with private companies proposing nearly 1.15 INR-Trillion in investments across 17 projects. These initiatives are expected to create job opportunities for 20,000 individuals in the state. Notable contributions include Trafalgar Square Capital's plan to establish a 10,000-tonne green hydrogen facility near Lucknow and Welspun Group's significant investment in a green hydrogen or ammonia plant in Bulandshahr. Hygenco Green Energies also intends to set up a 0.2 Million Tonne green hydrogen plant in Prayagraj. The Yogi Adityanath Government aims to ramp up green hydrogen or ammonia production to 1 Million Tonnes annually by 2029, solidifying UP's position in India's clean energy transition. These efforts not only boost economic development and job creation but also align with sustainable practices by promoting clean energy solutions. With such substantial investments and strategic government goals, Uttar Pradesh is on track to emerge as a key player in the green hydrogen sector, contributing significantly to India's renewable energy landscape.
Topics
India
Clean Energy
Investment
Energy Transition
Job Creation
Economic Development
Government Initiative
Industrial Growth
Textile Industry
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