Rs 50 kg Support for Green Hydrogen by Indian Govt.
The Union government has announced its plan to provide incentives worth Rs. 13,050 crores out of the Rs. 19,744 crore support under the National Green Hydrogen Mission, a news portal shared.
The government’s plan is to offer an incentive of up to Rs.50 per kg in the first year, which will be brought down and capped at Rs.30 per kg in the third year.
Applicants need to have experience developing at least 500 MW of renewable energy capacity over the past four years, or a minimum of 500,000 tonnes of ammonia or methanol, or 100,000 tonnes of hydrogen over the last four years.
The scheme will kick off in FY26. The another source shared that around 400,000 tonnes of capacity would be tendered each in the first and third quarters of FY24 and another 400,000 in the first quarter of the next fiscal (FY25). In a bid to promote different pathways to produce green hydrogen, separate technology-specific bids may also be called.
The agenda of Indian government is to make India a global hub for the production, use and export of green hydrogen and its derivatives. For this, it expects to enable the production of 5 million tonnes (mt) of green hydrogen per annum by 2030, with the potential to reach 10 million tonnes per annum with the growth of export markets.
