Several stakeholders have praised the Indian government’s announcement of a policy for the production of “green hydrogen” and “green ammonia,” claiming that it will lower overall power production costs, address some of the industry’s key demands for open access, and potentially aid the critical transportation sector.
India announced a major policy enabler for the production of green hydrogen and green ammonia using renewable sources of energy, six months after announcing the National Hydrogen Mission. The goal is to make India a green hydrogen hub.
India announced a major policy enabler for the production of green hydrogen and green ammonia using renewable sources of energy on Thursday, six months after announcing the National Hydrogen Mission. The goal is to make India a green hydrogen hub.
Allowing manufacturers to purchase renewable energy from a power exchange, providing grid connectivity, the benefit of renewable purchase obligations, and incentives for bunkers near ports for export are all part of the policy.
However, if there are no banking fees, this could result in a 40% reduction in production costs, according to CEEW analysis.
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