CEF Insights

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January
Others

Reliance, ACME, seven others selected for govt sops to set up green hydrogen production facilities

Author
Ruchita Shah

Notable because

SECI’s tender for green hydrogen production witnessed significant market participation, showcasing enhanced market confidence due to encouraging developments in 2023. These include, first, the National Green Hydrogen Mission, with an outlay of INR 19,744 crore, which was approved in January 2023. Second was the introduction of incentive schemes for electrolyser manufacturing and green hydrogen production, which were announced in June 2023.

What to look out for in the months ahead

Since India aims to become a green hydrogen export hub, what proportion, if any, of the 450,000 tonnes of green hydrogen production mobilised through this auction will be exported?