Nine companies, including Reliance Green Hydrogen and Green Chemicals, ACME Cleantech Solutions, and Greenko Zero, have come across as successful bidders in securing government incentives for establishing facilities dedicated to the production of up to 4.50 lakh tonnes of green hydrogen. These firms have positioned themselves to benefit from the government’s support in their endeavors to contribute to the production of environmentally friendly hydrogen and facilitate the nation’s transition towards sustainable energy solutions.
Solar Energy Corporation of India (SECI), a government-owned entity, has recently issued a call for bids to identify green hydrogen producers interested in establishing production facilities capable of generating 4,50,000 tonnes of green hydrogen. This initiative falls under the purview of the Strategic Interventions for Green Hydrogen Transition (SIGHT) Scheme, specifically categorized as Mode-1-Tranche-I. In the latest development, a total of 12 companies have successfully qualified for incentives aimed at establishing production facilities for an impressive 549,500 tonnes of green hydrogen, surpassing the initially offered capacity of 450,000 tonnes.
A statement released by the Solar Energy Corporation of India (SECI) has revealed that Reliance Green Hydrogen and Green Chemicals Ltd has emerged as the chosen recipient of incentives for the production of 90,000 tonnes of green hydrogen, with an established three-year average rate set at Rs 18.9 per kg. This accomplishment reflects the growing momentum within the industry toward fostering sustainable and environmentally friendly hydrogen production.
ACME Cleantech Solutions Private Ltd and Greenko ZeroC Private Ltd have successfully secured incentives for the production of 90,000 tonnes each, entailing a three-year average compensation rate of Rs 30 per kilogram. In a parallel development, Torrent Power has emerged as a beneficiary with incentives allocated for 18,000 tonnes of capacity, garnering an average compensation rate of Rs 28.89 per kilogram.
Additionally, HHP Two Private Ltd has been granted incentives for the production of 75,000 tonnes at an average rate of Rs 25.04 per kilogram, while Welspun New Energy has successfully clinched benefits for generating 20,000 tonnes at a favorable rate of Rs 20 per kilogram of green hydrogen. These significant accomplishments underscore the commitment of these entities to contribute to the green energy landscape, aligning with the broader sustainability goals and initiatives.
CESC Projects Ltd is also set to receive incentives for a production output of 0.500 tonnes, while UPL Ltd will be eligible for incentives based on their 10,000-tonne production capacities. Furthermore, JSW Neo Energy Ltd has been chosen as a recipient of government incentives, specifically designed for the production of 6,500 tonnes of green energy, with an average rate of Rs 34.66 per kilogram. These measures reflect the government’s vision to fostering and supporting sustainable energy initiatives, incentivizing companies engaged in the production of environmentally friendly resources.
Collectively, these nine enterprises have secured incentives for the establishment of green hydrogen production facilities totaling 410,000 tonnes under Bucket-1, specifically focusing on Technology Agnostic Pathways. Notably, Sembcorp Green Hydrogen India Private Ltd, Avaada GreenH2 Private Ltd, and GH4INDIA Private Ltd have not been granted any incentives within this category.
This selection comes after the Union Cabinet’s approval in January of the National Green Hydrogen Mission (NGHM), allocating a substantial budget of Rs 19,744 crore. The primary objective of this initiative is to position India as a prominent global hub for the manufacturing of green hydrogen, emphasizing its significance as a sustainable and clean energy source.
Sembcorp Green Hydrogen India proposed an average incentive of Rs 36 per kg over three years, while Avaada GreenH2 and GH4INDIA Private Ltd presented quotes of Rs 39 per kg and Rs 40 per kg, respectively. This underscores the diverse approaches and varying incentive allocations within the framework of Bucket-1 for the development of green hydrogen infrastructure.
Bharat Petroleum Corporation Ltd, a government-owned refining company, has been chosen to receive incentives at an average rate of Rs 30 per kilogram to establish a production facility with a capacity of 2,000 tonnes under Bucket-2, specifically dedicated to Biomass Based Pathways.
The envisioned mission is poised to culminate in the generation of an impressive 5 million metric tonnes of green hydrogen annually by the year 2030. The primary objective of this initiative is to position India as a preeminent global center for the production, utilization, and exportation of green hydrogen and its associated derivatives. The mission harbors aspirations of fostering extensive multilateral engagements and collaborations, aligning with diverse international endeavors in the realms of hydrogen and fuel cells.
In its preliminary phase, the mission entails the establishment of two green hydrogen hubs. The Ministry of Ports, Shipping, and Waterways has meticulously identified three major ports—namely, Deendayal, Paradip, and V O Chidambaranar (Tuticorin) Ports—to be meticulously developed as pivotal hydrogen hubs. This strategic selection underscores the commitment to leveraging key maritime infrastructure for the successful realization of the mission’s objectives.
