The Ministry of New and Renewable Energy (MNRE) has greenlit the implementation of the Strategic Interventions for Green Hydrogen Transition (SIGHT) programme—Component II, focusing on the Incentive Scheme for Green Hydrogen Production.
This initiative, under Mode 1, forms part of Tranche II of the National Green Hydrogen Mission and will span from FY 2025-26 to FY 2029-30. With a substantial budget of ₹13,050 crores, the scheme aims to cover all modes under this component.
The SIGHT programme has three primary objectives: maximizing the production of green hydrogen and its derivatives in India, enhancing the cost competitiveness of green hydrogen compared to fossil-based alternatives, and encouraging large-scale utilization of green hydrogen and its derivatives. This move is part of India’s broader strategy to transition towards sustainable energy sources and reduce dependence on fossil fuels.
The implementation methodology outlined by the MNRE specifies that the scheme will be carried out according to detailed guidelines. The financial expenditure required for this scheme will be sourced from the budget provision under the Hydrogen Mission head. The Solar Energy Corporation of India (SECI) has been designated as the implementing agency responsible for executing the scheme, ensuring that the objectives are met efficiently and effectively.
While the SIGHT programme represents a significant step forward, it is crucial to contextualize its objectives within the global green hydrogen landscape. India’s allocation of ₹13,050 crores (approximately $1.8 billion) over five years underscores its commitment. However, it must be compared to similar international initiatives to assess its impact and effectiveness.
For instance, the European Union has committed over €430 billion towards its Green Deal, which includes substantial investments in green hydrogen infrastructure. Germany alone has earmarked €9 billion for its National Hydrogen Strategy, highlighting the scale of investment required to position as a global leader in green hydrogen. In comparison, India’s budget, while substantial, indicates the early stages of its green hydrogen journey.
