Green Hydrogen India Market Update Q4 2024 (Oct-Dec)
Summary
In Q4 2024, India continued its advancements in the green hydrogen sector, reflecting its strong commitment to green energy and its ambition to lead globally in sustainable hydrogen production. This quarter saw numerous key tenders, bid submissions, investments, and policy measures that have further strengthened India’s green hydrogen landscape.
- Tenders: In Q4 2024, three significant green hydrogen tenders were issued by various tendering authorities in India, including MECON Limited, Hindustan Petroleum Corporation Limited (HPCL), and Powergrid Corporation of india.
- Bid Submission: In Q4 2024, the Solar Energy Corporation of India (SECI) opened a set of bids submitted by 14 players with a cumulative capacity of 6,26,500 MT per annum, compared to the tender capacity of 4,50,000 MT per annum, for setting up production facilities for green hydrogen in India under the Strategic Interventions for Green Hydrogen Transition (SIGHT) Scheme (Mode-1 Tranche-II).
- Investments: Waaree Energies approves INR 200 crore investment to set up a 300 MW electrolyser manufacturing plant under the PLI Scheme.
- Policy and regulations: In this quarter, two central-level policies, notifications, or orders were issued by MNRE, including the development of pilot projects for the production and use of green hydrogen in various applications and the establishment of Centres of Excellence (CoEs) under the Research and Development Scheme of the National Green Hydrogen Mission (NGHM).