The Indian government plans to offer green hydrogen incentives of at least 10% of the cost-of-production
Using a $2 billion programme that will launch by the end of June, India intends to provide incentives to companies that make green hydrogen fuel worth at least 10% of their costs.
In India, the price of producing green hydrogen, which is produced using renewable energy instead of energy sourced from fossil fuels, is now around 300 rupees per kilogram.
India has set goals to achieve net-zero carbon emissions by 2070 and to have half of its installed energy capacity come from non-fossil fuel sources by 2030.
Companies that have renewable energy facilities or make hydrogen and ammonia are anticipated to be eligible to participate in the auction for green hydrogen supply.
The incentive for producing electrolyzers is set at 4,440 rupees per kilowatt, and each tranche is projected to be for 1,500 megawatts (MW) of capacity.