India's Bold Step Towards Green Hydrogen Dominance
Key Ideas
- The Ministry of New and Renewable Energy in India announced Tranche-II of the Strategic Interventions for Green Hydrogen Transition Programme, with a capacity of 450,000 TPA.
- Solar Energy Corporation of India (SECI) will oversee the implementation, with bidding criteria based on the least average incentive quoted by the bidder in two different capacity buckets.
- The launch of the National Green Hydrogen Mission with a significant budget aims to make India self-reliant through clean energy, reduce fossil fuel imports, and position India as a technology and market leader in Green Hydrogen.
- This initiative is expected to facilitate the decarbonisation of the economy and play a crucial role in the global clean energy transition, showcasing India's commitment to sustainable development.
The Ministry of New and Renewable Energy in India has unveiled Tranche-II of the Strategic Interventions for Green Hydrogen Transition Programme, introducing a capacity of 450,000 TPA of Green Hydrogen. This initiative allocates 40,000 TPA for biomass-based pathways (bucket-II) and the remaining capacity for technology-agnostic pathways (bucket-I). Solar Energy Corporation of India (SECI) will manage the implementation of this tranche, with the Request for Selection (RfS) set to be issued soon. Bidding parameters are structured around the least average incentive quoted by bidders, with specific capacity ranges for each bucket. The National Green Hydrogen Mission, initiated on January 4, 2023, with a budget of Rs 19,744 crores until FY 2029-30, aims to enhance India's self-reliance through clean energy and lead the global transition towards clean energy. The mission is anticipated to drive the decarbonisation of the economy, diminish reliance on fossil fuel imports, and position India as a frontrunner in Green Hydrogen technology and markets, emphasizing sustainable development and energy independence.
Topics
Middle East
Renewable Energy
Decarbonisation
Sustainable Development
Government Initiative
Energy Independence
Clean Energy Transition
Bidding Process
Technology Leadership
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