Green Hydrogen NewsGreen Hydrogen News
    Facebook Twitter Instagram
    Trending
    • Almería’s Nascar Project to Transform Green Fuel Production
    • East Germany Embraces the “Electrolysis Corridor” for Green Hydrogen
    • Dutch Advantage: Transforming Energy Landscape with Green Hydrogen
    • Toyota’s Hydrogen-Powered GR Corolla Shines in 24-Hour Race Debut
    • Argentina’s Local Content Requirement Sparks Concerns for Green Hydrogen Projects
    • Friday
    • Hydrogen-Powered Vessels Revolutionize the Marine Industry
    • OCOchem and PNNL Join Forces to Accelerate Clean Hydrogen Innovation and Adoption
    LinkedIn Twitter YouTube Facebook
    Green Hydrogen NewsGreen Hydrogen News
    • NEWS
      • Authorities
      • Blitz
      • Breaking News
      • Finance
      • Jobs
      • H2 Plant
      • Politics
      • Press Release
      • Sponsored
      • Stock
      • Tenders
      • Video
    • HYDROGEN
      • Aviation
      • Electrolyzers
      • Fuel Cells
      • Green Hydrogen
      • Hydrail
      • Innovation
      • Pipelines
      • Projects
      • Stations
      • Storage
      • Technology
      • Vehicles
    • SPOTLIGHT
      • Analysis
      • Interviews
      • Podcast
      • Research
      • Reviews
      • Specials
      • Webinars
    • REGIONAL
      • Africa
      • Americas
      • Asia
      • Europe
      • Middle east
      • Pacific
    • CONTACT
    • ADVERTIZE
    • SUBSCRIBE
    Green Hydrogen NewsGreen Hydrogen News
    Home»HYDROGEN»Green Hydrogen»India to offer 10% green hydrogen incentives
    India to offer 10% green hydrogen incentives

    India to offer 10% green hydrogen incentives

    Anela DoksoBy Anela Dokso06/04/20232 Mins Read
    Share
    LinkedIn Twitter Facebook Email WhatsApp Telegram

    A top government official said India will give green hydrogen fuel manufacturers at least 10% of their costs under a $2 billion scheme starting in June.

    New Delhi authorised a 174.9 billion rupee incentive scheme to promote green hydrogen this year to reduce carbon dioxide emissions and become a major exporter.

    The official told Reuters that the government will provide at least 30 Indian rupees per kilogramme (kg) for green hydrogen fuel manufacturing.

    India’s green hydrogen production costs 300 rupees per kilogramme.

    The government will fund 130 billion rupees for green hydrogen production and the rest for electrolysers, which split hydrogen and oxygen molecules using electricity.

    India aims to reach net-zero carbon emissions by 2070 and have half its electrical capacity from non-fossil fuel sources by 2030.

    Reuters requested reaction from India’s Ministry of New and Renewable Energy and Press Information Bureau.

    The source said the government will start bidding for enterprises seeking incentives by the end of this quarter and aims to support 3.6 million tonnes of hydrogen production capacity in the following three years under the scheme. The incentives will be decreased every year.

    The official said the government will invite bids in three tranches for green hydrogen supply and two for electrolysers to obtain market insights, absorb new technologies, and reduce costs.

    Renewable energy and hydrogen/ammonia producers are likely to participate in the green hydrogen auction. The insider stated the lowest-incentive companies will get the contracts.

    Reliance Industries, Indian Oil, NTPC, Adani Enterprises, JSW Energy, ReNew Power, and Acme Solar, which have green hydrogen plans, are expected to bid on the contracts.

    The official said each tranche for electrolyser manufacture will be 1,500 megawatts (MW) with a 4,440 rupee per kilowatt incentive.

    The scheme will fund 3,000 megawatts of electrolyser capacity for five years, with the first tranches in this quarter and the next in the third quarter of 2023.

    green hydrogen hydrogen incentives India
    Share. LinkedIn Twitter Facebook Email

    Related Posts

    Almería’s Nascar Project to Transform Green Fuel Production

    02/06/2023

    East Germany Embraces the “Electrolysis Corridor” for Green Hydrogen

    02/06/2023

    Dutch Advantage: Transforming Energy Landscape with Green Hydrogen

    02/06/2023

    Toyota’s Hydrogen-Powered GR Corolla Shines in 24-Hour Race Debut

    02/06/2023

    Argentina’s Local Content Requirement Sparks Concerns for Green Hydrogen Projects

    02/06/2023

    Friday

    02/06/2023

    Almería’s Nascar Project to Transform Green Fuel Production

    02/06/2023

    East Germany Embraces the “Electrolysis Corridor” for Green Hydrogen

    02/06/2023

    Dutch Advantage: Transforming Energy Landscape with Green Hydrogen

    02/06/2023

    Toyota’s Hydrogen-Powered GR Corolla Shines in 24-Hour Race Debut

    02/06/2023

    Subscribe to Updates

    Get the latest news from the hydrogen market subscribe to our newsletter.

    Final Transparent Green Logo (horizontal)-desktop version (RGB)
    LinkedIn Twitter Facebook YouTube

    News

    • Inteviews
    • Webinars
    • Hydrogen
    • Spotlight
    • Regional

    Company

    • Information
    • Advertising
    • Media Kits
    • Contact Info
    • GDPR Policy

    Subscriptions

    • Subscribe
    • Newsletters
    • Sponsored News

    Subscribe to Updates

    Get the latest news from EnergyNewsBiz about hydrogen.

    © 2023 EnergyNews.biz
    • Privacy Policy
    • Terms
    • Accessibility

    Type above and press Enter to search. Press Esc to cancel.