India’s National Green Hydrogen Mission aims for 5 MMT per annum by 2030; government has taken initiatives for promoting green hydrogen.
Here’s an article posted in Economic Times.
According to the article,
- India’s Green Hydrogen Target:
- Aim to achieve a massive 115 GW generation capacity for green hydrogen.
- Signifies a significant step in India’s renewable energy ambitions.
- Water Requirement:
- Project calls for an enormous 50 billion liters of demineralized water.
- Underlines the scale and water demand for large-scale green hydrogen production.
India has taken significant steps to promote green hydrogen adoption through various policies and initiatives, with hopes to achieve these targets soon:
- Green Hydrogen Mission Incentives:
- Fourteen companies, including Acme Cleantech, Avaada GreenH2, Bharat Petroleum Corp, CESC, Greenko ZeroC, JSW Energy, Reliance Industries, Sembcorp Green Hydrogen, and Torrent Power, have submitted bids for incentives under India’s Green Hydrogen Mission.
- The government is introducing an incentive of up to ₹30-50 (US$0.37-0.61) per kilogram (or 10% of the cost) for producing green hydrogen.
- Production-Linked Incentives:
- India has earmarked a total of ₹174.9 billion (~US$2.1 billion) for production-linked incentives for producing green hydrogen and electrolysers.
- The subsidies cover the first three years of production output, offering up to ₹50 (US$0.6) per kilogram for the first year, ₹40 (US$0.48) in the second year, and ₹30 (US$0.36) per kilogram in the third year.
- Policy Considerations:
- To boost investment, policymakers are considering measures such as waiving power banking and open access charges, reducing GST on electrolysers and renewable energy components, and accessing cheaper green debt for financing green hydrogen projects.
- Market-driven innovations in electrolyser and renewable energy technologies can cumulatively reduce the levelized cost of green hydrogen by around USD 1.8 per kilogram in India.
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