The Ministry of New and Renewable Energy (MNRE) has notified the National Green Hydrogen Mission.
The objective of the mission is to make India the global hub for production, usage and export of green hydrogen and its derivatives. The mission will lead to significant decarbonisation of the economy, reduced dependence on fossil fuel imports, and enable India to assume technology and market leadership in green hydrogen. The initial outlay for the mission will be Rs 197.44 billion, including an outlay of Rs 174.90 billion for the Strategic Interventions for Green Hydrogen Transition Programme (SIGHT) programme, Rs 14.66 billion for pilot projects, Rs 4 billion for research and development, and Rs 3.88 billion towards other mission components. The MNRE will formulate the scheme guidelines for the implementation of the respective components. The mission’s expected outcomes include development of green hydrogen production capacity of at least 5 million tonnes (mt) per annum, with an associated renewable energy capacity addition of about 125 GW, by 2030. The targets are likely to bring Rs 8 trillion in investments. It will lead to cumulative reduction in fossil fuel imports of over Rs 1 trillion, and result in abatement of nearly 50 mt of annual greenhouse gas emissions by 2030.