Approving the land policy for green hydrogen (GH) production and earmarking land towards identified corporates in Gujarat can provide a big push toward achieving the national 5 MMT GH production target by 2030. Per estimates, the allocation could support almost 4 MMT of GH and 100 GW of RE production in the state. However, the actual implementation and deployment pace for these projects will depend on the economics, incentives, GH demand, and other factors.
What other incentives (beyond land) would be required for increasing GH projects on the ground? Who will be the consumers of GH? How will the financing manifest, and what will be the terms?