European investors, particularly from Germany and Denmark, are eyeing substantial investments in Gujarat’s green hydrogen sector.
Rahul Gupta, the Managing Director of Gujarat Industrial Development Corporation (GIDC), anticipates the signing of Memoranda of Understanding (MoUs) with players from Germany and Denmark, expressing interest in procuring green ammonia from Indian counterparts.
Gujarat, at the forefront of developing a green hydrogen ecosystem, has attracted major players such as Reliance Industries, Adani Group, Welspun Group, and Torrent Group. The state has implemented a dedicated policy to facilitate investments across various phases of green hydrogen production, encompassing electrolysers, solar panels, ACC batteries, and green hydrogen and ammonia manufacturing.
Gupta outlines the state’s commitment to establishing sector-specific parks with specialized infrastructure, aiming to reduce capital and operational expenditure for industrial units. This aligns with the broader goal of fostering a robust green hydrogen industry in Gujarat.
The expressed interest from European investors signals a potential injection of significant capital into Gujarat’s green hydrogen sector. Such investments could accelerate the development of key components in the green energy supply chain, from electrolysers to solar panels and battery technologies.
The state’s proactive approach in approving land allocations for major players indicates a readiness to facilitate swift implementation, potentially positioning Gujarat as a key player in the global green hydrogen market.
Recent developments, such as Gensol Engineering winning the bid for NHPC’s Green Hydrogen Mobility Station in Ladakh, add to Gujarat’s prominence in the green energy sector. Gensol’s involvement in this project reflects the broader trend of companies looking to strengthen their positions in the rapidly expanding renewable energy market.