Green Hydrogen India Market Update Q1 2024 (Jan-Mar)

Green Hydrogen India Market Update Q1 2024 (Jan-Mar) 

Summary

  • Tenders:  In Q1 2024, Solar Energy Corporation of India (SECI) issued a tender to develop a manufacturing capacity of 1500 MW for electrolyser under the Strategic Interventions for Green Hydrogen Transition (SIGHT) scheme (Tranche-II).
  • Auction Completed: In Q1 2024, SECI concluded two auctions under the SIGHT scheme:
    • First auction concluded for Electrolyser Manufacturers (EM’s) to set up manufacturing facilities of 1500 MW for Electrolysers in India (Tranche-I, Component I).
    • Another Auction concluded for selecting GH producers with a total capacity of 4,12,000 Metric tons (MT) /annum to establish production facilities in India (Mode-1-Tranche-I, Component II) under the SIGHT Scheme.
  • Investments Announced:
    • ReNew has proposed an investment of INR 26,400 crore for a GH project with 0.22 million metric tons per annum (MMTPA) production capacity in Karnataka.
    • Acme Cleantech is establishing GH project with an investment of INR 27,000 crore with a production capacity of 1.10 MMTPA.
  • Green Energy Projects Commissioned in India:
    • L&T has commissioned its first domestically built electrolyser with a capacity of 1 MW at the GH plant in Hazira, Gujarat.
    • Jindal Stainless Steel (JSL) inaugurated its first GH plant in Hisar, Haryana.
  • Policy and regulations: In this quarter eight central-level and two state-level policy/notifications/regulations/orders were issued.



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