Green Signal for Green Hydrogen Makers with Incentive Under USD 2 Billion Scheme in India
The auction for green hydrogen delivery and distribution is anticipated to be mainly for those firms which have renewable energy plants or produce hydrogen and ammonia.
April 06, 2023. By EI News Network
The cost of production of green hydrogen, which is composed utilising renewable energy other than power extracted from fossil fuels and in India is presently around INR 300 per kg.
Pertaining to an overall incentive plan for the sector, the government will allocated around INR 130 billion for generating green hydrogen and remain will be for producing electrolysers, which are utilised to seggregate hydrogen and oxygen molecules using electricity.
The government will invite bids in three tranches for green hydrogen supply and in two tranches for electrolysers, the official said, adding that this will help gain market insights and to absorb new technologies and realise cost reductions.
The auction for green hydrogen delivery and distribution is anticipated to be mainly for those firms which have renewable energy plants or produce hydrogen and ammonia.
Each proportion for manufacturing of electrolysers is likely to be for 1,500 megawatts (MW) of potential, with the incentive fixed at 4,440 rupees per kilowatt.
The government anticipates to assist around 3,000 megawatts of yearly electrolyser potential for five years through the scheme, with the first proportion in this quarter and the next in the Q3 of 2023.
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