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Browsing: Asia
World Bank’s $1.5B Loan Boosts India’s Green Hydrogen and Renewable Energy Initiatives
The World Bank has approved a second $1.5 billion loan to support India’s low-carbon energy development. This funding aims to promote green hydrogen production, expand renewable energy capacity, and stimulate finance for low-carbon energy investments.
The Ministry of New and Renewable Energy (MNRE) has made a significant amendment to the guidelines for the Strategic Interventions for Green Hydrogen Transition (SIGHT) Programme.
Nikkiso Clean Energy & Industrial Gases Group, a division of Nikkiso Co. Ltd., has secured contracts to build and maintain approximately two dozen liquid hydrogen (LH2) fueling stations across the country.
Essar Group, a conglomerate with interests spanning metals to infrastructure, has announced an ambitious plan to invest Rs 30,000 crore over the next four years in a green hydrogen plant in Jamnagar, Gujarat.
India has taken a significant step towards decarbonizing its steel industry by launching a tender for green steel pilots utilizing hydrogen (H2).
Sembcorp Green Hydrogen, a subsidiary of Sembcorp Industries, has signed a term sheet with Sojitz Corp. and Kyushu Electric Power Co. to supply green ammonia produced in India to Japanese industrial off-takers.
Mainland China has identified hydrogen as a pivotal element in its strategy for a low-carbon energy transition. With the country’s national plan emphasizing the importance of hydrogen for decarbonization, China is poised to become a global leader in green hydrogen production.
Kerala has received funding approval for its green hydrogen valley project from India’s Department of Science and Technology (DST).
This six-cylinder, 500kW engine will undergo rigorous trials within the fiscal year to evaluate its performance, stability, and reliability under 100% hydrogen load.
This project, backed by government support, represents a significant stride towards clean energy and carbon neutrality. The plant, located in Buan County, North Jeolla Province, is set to be operational by May 2025.
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