India, Feb. 3 -- The Government of India has issued a release:
The Government of India is implementing the National Green Hydrogen Mission (NGHM), with an objective to make India a global hub of production, usage and export of Green Hydrogen and its derivatives.
India's Green Hydrogen production capacity is likely to reach 5 Million Metric Tonnes per annum by 2030.
Significant steps have been taken under NGHM for reducing the cost of green hydrogen, details of which are provided below:
Other steps taken to facilitate reduction in green hydrogen cost, are as follows:
The above incentives ensure stable and predictable demand for green hydrogen by securing long - term offtake agreements and integration of green hydrogen for industrial decarbonisation.
India is optimising its energy mix for green hydrogen production by rapidly expanding low - cost renewable energy capacity, supported by competitive tariff - based bidding, large - scale solar and wind deployment, and enabling policy frameworks. To support this objective, the following policy measures have been undertaken:
This information was submitted by Union Minister of State for New and Renewable Energy Shri Shripad Yesso Naik in a written reply in Rajya Sabha.
Disclaimer: Curated by HT Syndication.
