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SECI Invites Bids for Selection of Green Hydrogen Producers Under SIGHT Scheme

With a total outlay of INR 13,050 crore committed for this phase between FY 2025-26 and FY 2029-30, the plan highlights India’s commitment to transition to a green hydrogen economy.

July 06, 2024. By Abha Rustagi

The Solar Energy Corporation of India Limited (SECI) has invited bids from green hydrogen producers to set up green hydrogen production facilities in India under the Strategic Interventions for Green Hydrogen Transition (SIGHT) Scheme (Mode1-Tranche-II).

The project is set to expand India’s annual green hydrogen production capacity to 450,000 metric tonnes. The Ministry of New and Renewable Energy (MNRE) has laid down detailed guidelines for the distribution of incentives to promote large-scale production of green hydrogen under Phase II of the SIGHT programme.

With a total outlay of INR 13,050 crore committed for this phase between FY 2025-26 and FY 2029-30, the plan highlights India’s commitment to transition to a green hydrogen economy.

The program's objectives are to increase the production of green hydrogen, increase its cost competitiveness with alternative fossil fuels, and increase its use in various industries.

Eligible participants must meet the financial criteria specified in the guidelines. For ‘Technology Agnostic Pathways’, bidders need a net worth of at least INR 15 million per 1,000 metric tonnes of annual production. The asset requirement for ‘Biomass Based Pathways’ is INR 1.5 crore per 1,000 metric tonnes. Bidders can be single companies or groups and can leverage their financial strength to meet qualification requirements.

The available capacity for the Tranche II of Mode I is capped at 450,000 metric tons per year. A maximum of 90,000 MT per annum can be allocated to a single applicant who wishes to create 'Technology Agnostic Pathways’, with the minimum bid set at 10,000 MT per annum. Whereas for 'Biomass Based Pathways,' the maximum capacity allocation per bidder is 4,000 metric tons per annum, and the minimum is 500 metric tons per annum.

The Bidding process will prioritize bucket-II allocations, and then any unallocated capacity will be added to Bucket I. Bidders can bid for Bucket I, Bucket II, or both.

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Tags:

Hydrogen / Fuel Cells

MNRE

Ministry of New and Renewable Energy

Solar Energy Corporation of India