Fourteen companies, including Reliance Green Hydrogen and Green Chemicals, ReNew E-Fuels, Waaree Clean Energy Solution, and Avaada Green H2, have submitted bids under India's Strategic Interventions for Green Hydrogen Transition (SIGHT) Scheme. These bids aim to develop 450,000 tonnes of green hydrogen production capacity, competing for incentives worth up to Rs 5,400 crore over three years.
The scheme is part of India’s ambitious green hydrogen initiative, which supports domestic production and electrolyser manufacturing. According to the Solar Energy Corporation of India (SECI), technical bids opened on Monday for Tranche-II under the scheme. The incentive structure offers Rs 50 per kg in the first year, reducing to Rs 40 and Rs 30 in the subsequent years. The total available benefits under Tranche-II amount to Rs 5,400 crore.
In the competitive Bucket I category, Reliance Green Hydrogen, Waaree Clean Energy Solution, and others bid for the maximum permissible 90,000 tonnes each. Other notable bids include ReNew E-Fuels with 55,000 tonnes and Avaada GreenH2 with 45,000 tonnes. Despite the competitive bidding, SECI clarified that underutilized capacities in Bucket II could be reallocated to Bucket I, ensuring optimal capacity utilization.
This initiative is a key part of India’s broader green hydrogen strategy, which recently received a boost with the approval of a $2.3 billion incentive package. This package aims to establish a production capability of at least 5 million metric tons of green hydrogen by 2030 and increase renewable energy capacity by 125 GW. As of October, India had achieved approximately 166 GW of renewable energy capacity.
Green hydrogen is poised to revolutionize energy security, reduce dependence on fossil fuels, and unlock significant economic opportunities. The Indian government’s substantial investment in this technology not only accelerates innovation but also positions India as a global leader in clean energy.
Conclusion
India’s green hydrogen initiative marks a transformative step towards achieving a sustainable and energy-secure future. With the ambitious SIGHT Scheme and the $2.3 billion incentive package, the country is set to become a global leader in green hydrogen production. The active participation of leading companies highlights the immense potential of this sector to drive innovation, create jobs, and reduce dependency on fossil fuels.
By fostering renewable energy growth and investing in cutting-edge technologies, India is paving the way for a cleaner, greener economy. The collaborative efforts of the government and industry players will not only meet domestic energy demands but also position India as a key exporter in the global green hydrogen market.
The journey towards a sustainable future has begun, and the green hydrogen revolution holds the promise of a brighter, cleaner tomorrow.
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