Stay updated with breaking news from Ohmium Operations. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Jindal India had been granted a maximum subsidy of ₹444 crore to set up 300 MW of annual electrolyser manufacturing capacity. This has now been awarded to L&T Electrolysers.The ₹17,490-crore scheme grants subsidies to companies for setting up electrolyser manufacturing plants in India
Several companies, including Ohmium Operations, Reliance Electrolyser Manufacturing, Greenko, Jindal India, Advait Infratech, Larsen & Toubro (L&T) unit, and Homihydrogen, have emerged as winners in the first phase of the Indian government's ₹4,440-crore electrolyser incentive scheme. The scheme saw interest from 21 companies, and the results of the financial bids are subject to revision
A total of 34 companies have submitted bids for projects to be developed under the Government of India’s Green Hydrogen Mission.
This is in line with India's ambitious target of having 500 GW of renewable energy by 2030 and its resolve to reduce overall power generation capacity from fossil fuels to less than 50 per cent. India has committed a net zero emission target by 2070.
In an interview to PTI, R K Singh said, "India is likely to witness 25 GW of renewable energy capacity addition entailing an investment of Rs 1,37,500 crore (about USD 16.5 billion) in 2024 calendar year, which would be higher than 13.5 GW with an investment of Rs 74,250 crore (nearly USD 9 billion) seen in 2023."