AsiaElec: India aims to be global green hydrogen giant

India is to invest an initial INR197.4bn ($2.4bn) to fund its National Green Hydrogen Mission as the government aims to turn the country into a global hydrogen centre.

The county expects to build 125 GW of new renewables capacity by 2030 in order to power a domestic hydrogen industry, which will encompass the production, use and export of renewable H2 and its derivatives.

The green hydrogen mission will attract a total investment – including private funding – of INR8 trillion ($96.6bn) by 2030, the government said.

Self-reliance will be a key issue for hydrogen, in contrast to the solar sector, which is heavily reliant on imports from China. To this end, most of the seed funding will be used to provide financial incentives for private and public Indian companies to produce electrolysers and other infrastructure at home.