Adani Group eyes 5 GW electrolyzer capacity with up to $3 bn investment
Adani New would initially set up about 198.5 MW capacity and receive an incentive of up to ₹293.78 crore from the government under the scheme
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Adani New would initially set up about 198.5 MW capacity and receive an incentive of up to ₹293.78 crore from the government under the scheme
Electrolysers can be produced at a pretty good rate in India. The government has also taken the right steps with two tranches under the Strategic Interventions for Green Hydrogen Transition (SIGHT) scheme.
Prime Minister Narendra Modi will inaugurate projects at V.O.Chidambaranar Port to establish it as India's first Green Hydrogen Hub Port. These projects are part of the National Green Hydrogen Mission with an outlay of Rs 19,744 crores to develop 5 Million Metric Tons per annum of Green Hydrogen production capacity by 2030.
The Ministry of New and Renewable Energy (MNRE) has taken a significant step towards decarbonizing the transport sector with the release of guidelines for pilot projects under the National Green Hydrogen Mission.
The government is developing a draft scheme for round-the-clock renewable energy using green hydrogen storage under the National Green Hydrogen Mission. Financial assistance may be offered through contract for difference or viability gap funding, with an initial 100 MW pilot project considered.