Summary:

India is well-positioned to lead in green hydrogen production, utilizing its renewable resources and growing energy demand. India is on track to exceed 200 GW of renewable power, including 90 GW of solar, by October 2024, indicating a strong foundation for hydrogen development. A panel emphasized the importance of industry collaboration, policy clarity, financial strategies, clear hydrogen obligations, infrastructure investments, and regulatory changes to accelerate adoption and create a stable hydrogen market. Green hydrogen production costs currently range from Rs. 253-337 (US$ 3-4) per kilogram, limiting widespread adoption. The discussion highlighted the need for innovative financial structures, such as public-private partnerships, to attract substantial investment. India's 2025 budget introduced a partial credit guarantee, but additional measures, such as first-loss guarantees, are needed. Despite global concerns, India's proactive policies and actions, including the AM Green Kakinada project, position it to dominate the global green hydrogen market.

Source: IBEF

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